As Argentina Surges Back, Peso Shows Limit to Milei Euphoria

The rallies unleashed by Argentina President Javier Milei’s surprising electoral win were stunning, with bond prices posting record gains and the stock market skyrocketing over 20% as investors stampeded back in.

Trump’s Milei gamble pays off as US flexes influence in Latin American elections

President Donald Trump appears to have had a major influence on the outcome of the Argentine election this week.

Risk-On As U.S.-China Take Step Away From Brink, Market Shrugs Off New U.S. Levy On Canada, And Milei Does Better Than Expected In Argentina

The greenback (DXY) is mostly softer, and the other G10 currencies are up less than 0.2%. The PBOC set the dollar's reference rate at a new low since the middle of October 2024.
Buenos Aires Times

Milei spent around US$7.4 billion protecting dollar in lead up to election

President Milei’s government has used around US$7.4 billion – a figure that could rise to US$8.4 billion, including funds from US Treasury are included – to keep the peso-dollar exchange rate stable over the two months leading up to the vote.
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