Argentina President Javier Milei and Treasury Secretary Scott Bessent are trying to stave off a run on the currency with just days to go before Sunday’s congressional mid-term election. — Bloomberg
BEUNOS AIRES: The Argentine peso snapped a five-day losing streak as Wall Street banks were active in the local currency market amid attempts by the US government to help its ally Javier Milei ahead of a crucial vote this weekend.
Both JPMorgan Chase & Co and Citigroup Inc were active in Argentina’s spot market on Wednesday, according to people familiar with the matter.
