The United States purchased additional Argentine pesos from open markets Wednesday, Treasury Secretary Scott Bessent said, while pressing forward on a $20 billion private investment pool aimed at Argentine government bonds.
The moves build on a fresh $20 billion currency swap agreement with Buenos Aires, delivering $40 billion in overall backing for the region’s third-largest economy. Bessent offered no specifics on the peso purchases, which follow an earlier purchase on Oct. 9.
The developments helped lift Argentine equities from a slump triggered by President Donald Trump’s remarks a day prior: that Washington would avoid “wasting time” on Argentina should President Javier Milei’s La Libertad Avanza lose in the Oct. 26 congressional election….