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Like Milei, Trump also can’t stop Argentina’s peso from falling — ‘Will the U.S. get paid back?’

Argentina’s peso continues to sell off despite a U.S. rescue package, ahead of a key election that could trigger another steep bout of depreciation. On Friday, the currency slipped 0.4% against the U.S. dollar, which now trades at nearly 1,492 pesos. The exchange rate has already hit a record low and is below its level … Read more

Javier Milei’s risky bet on a potent peso

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It is winter in the southern hemisphere but Argentines are flocking to the beaches of Rio de Janeiro anyway, highlighting a problem for President Javier Milei and his crusade to make Argentina great again. The … Read more

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