Argentine Markets Soar as US Steps In to Buy Pesos

Currency exchange rates displayed at an exchange house in Buenos Aires.
Photographer: Anita Pouchard Serra/Bloomberg

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By Ignacio Olivera Doll and Nicolle Yapur

October 9, 2025 at 4:02 PM UTC

Updated on

October 9, 2025 at 8:59 PM UTC

Lea en español.

Argentina’s markets rallied as the US swept in to prop up the nation’s currency and said it arranged a $20 billion lifeline to prevent a crisis from engulfing President Javier Milei ahead of a crucial midterm election this month.