US Treasury Buys Pesos: Argentina's Financial Lifeline?

Is the US propping up Argentina's economy? The U.S. Treasury made a bold move, buying Argentine pesos in both regular and unofficial markets to stabilize the country's finances. With a $20 billion swap agreement and another $20 billion investment facility already in place, this unprecedented intervention aims to calm volatile markets. But with the peso still weakening and uncertainty looming, will these efforts be enough to rescue Argentina's economy?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.