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Argentina’s Markets Surge as Milei Win Eases Fear of a Crisis
Yahoo Finance· 2025-10-27 21:37
The pressure forced the country to burn through its reserves by buying pesos to keep it within its trading band and led the Trump administration to step in with a $20 billion rescue line to stabilize markets ahead of the vote. Treasury Secretary Scott Bessent welcomed the election results and indicated it may allow the US to pull back on its intervention by preventing a run on the nation’s markets.Argentina’s financial markets had been hit by waves of selling since last month as global investors pulled out ...