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TRUMP BOOSTS ARGENTINA'S MILEI WITH $20 BILLION LIFELINE AS US BUYS PESOS

  • NEWS Desk Global
  • Oct 10
  • 1 min read

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The U.S. Treasury finalized a $20 billion currency swap framework with Argentina and bought pesos in the open market on Thursday, making good on President Donald Trump's pledge to prop up the wobbling country and sending the peso and Argentine dollar bonds sharply higher.

Argentina's 2035 bond rose 4.5 cents to trade at 60.5 cents on the dollar, while the peso closed at 1,418 per dollar, up 0.8% on the day after falling 3% earlier.

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