Argentine Peso Strengthens After US Swap Deal

Bloomberg•Wednesday, October 22, 2025 at 6:37:02 PM

The Argentine peso has gained strength following a significant $20 billion currency swap deal with the US Treasury, marking a positive turn for the country as it approaches crucial midterm elections. This development is seen as a major boost for President Javier Milei, who is under pressure to stabilize the economy. Gustavo Medeiros from Ashmore Investment Management highlighted the rarity of such US interventions, emphasizing its importance for investors. This deal not only helps the peso recover from a five-day slump but also signals potential stability in Argentina's financial landscape.

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