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Trump's Billions of Dollars for 'Argentine Elvis' Sparks Anger
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Trump bought an undisclosed amount of Argentine pesos to "reinforce" the country's national reserves. "The foreign exchange market was very nervous," Lucas Llach, a former vice president of the Argentine National Bank, told Seznam Zprávy.
The U.S. Treasury purchased Argentine pesos last week to avoid devaluation, a scenario that could have been lethal to the libertarian government’s expectations for the legislative elections. “The risk for the South American country is that Washington can withdraw at any time,” an expert told Sputnik.
The gigantic backs of the U.S. Treasury fell like a hammer on the Argentine exchange market. Since Bessent opened the cry, the d lar falls 9%, leaving hanging from a brush to those who bought more than $1,550. The bonds also recover, with a risk pas that passes from being high to moderate. But the best was in the Stock Exchange and especially in the ADRs. There is a complication with the inter s rates, which continue to rise. This Tuesday IPC an…
The U.S. government, led by Donald Trump, seeks to rescue Argentina and the government of Javier Milei in the face of the intermediate elections to be held on Sunday, October 26, in a movement that obeys more political than economic issues. The complications recorded by the Argentine peso have received an immediate response from the U.S. Treasury Department through direct purchases of pesos in the exchange market and the announcement of a curren…
The U.S. Treasury's decision to buy Argentine pesos and activate a $20 billion swap line with Javier Milei's government shook the financial market and opened an immediate debate: is it the beginning of a new stage for Argentina or a tactical move with expiration date? In a report titled "Economy: U.S. support for Argentina and its impact", the British bank proposes a reading that mixes distension and caution.
In a wheel conditioned by the holiday in the United States, the wholesale exchange rate dropped 4.9% to $1,351 and the retailer of the BNA was placed at $1,320 for the purchase and $1,370 for the sale, after Scott Bessent's announcement to intervene with purchases of pesos and in the midst of the expectation by the Milei-Trump meeting.
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