The financial assets of Argentina recovered for the third day on Wednesday (24), after the US Treasury Secretary, Scott Betting, detailed one support massive to the right -wing government of President Javier Milei and the country’s markets.
Bessent said the US was in negotiations about adding that it was prepared for comprar titles Argentines called dollars in the secondary market.
“Argentina has the tools to defeat speculators, including those seeking to destabilize Argentine markets with political objectives,” Bessent said, reaffirming the political connection with US support.
Bessent had said on Monday that the government was watching a right turn in Latin American politics,
Argentina titles for 2030 rose more than 4 cents and were traded at 75.36 cents of dollar, while Global X Argentina stock ETF advanced more than 4%, with some bank actions registering two -digit percentage gains. The local stock index rose More than 6% at the beginning of the trading session.
Already the peso Argentinean strengthened near 3%, Raising weekly gains from the dollar to more than 10%.
“This degree of US support to Argentina went beyond what any analyst could have imagined just a few weeks ago,” said Alejo Czerwonko, director of emerging market investment in UBS Americas.
“This is one of the strongest examples of US Treasury Support in the history of emerging markets.”
Argentine markets issued signs of panic for weeks after Milei’s party suffered a forceful defeat in local elections in the populous province of Buenos Aires. This added to the accusations of corruption within the circle of Milei, including his sister and confidant Karina Milei.
Argentina goes to the polls on October 26 for the legislative elections of the Mandate, in which the Milei party seeks to win seats to strengthen its minority position.
