A $20 billion lifeline from the US is almost certain to keep Argentina President Javier Milei from being engulfed by a currency crisis in the runup to key mid-term elections this month.
After the Oct. 26 vote — a make-or-break moment that could derail his ability to keep pushing his free-market agenda through Congress — the outlook is much less clear.
The peso soared about 5% on Monday, the first day of trading after a local holiday on Friday, as relief continued to wash through Argentina’s currency market after US Treasury Secretary Scott Bessent swooped to buy pesos last week. ...
