Argentina Peso Sinks to Record as Traders Brush Off US Aid

US Treasury Secretary Scott Bessent and Argentina's president Javier Milei — US Treasury Secretary Scott Bessent and Argentina's president Javier Milei
Photographer: Michael Nagle/Bloomberg

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By Nicolle Yapur, John Harney, and Ignacio Olivera Doll

October 21, 2025 at 1:22 PM UTC

Updated on

October 21, 2025 at 9:02 PM UTC

Lea en español

Argentina’s peso slumped to a record low while bonds sold off as pressure on President Javier Milei builds in the run-up to Sunday’s midterms despite repeated US intervention in the nation’s markets.