Reported 1 day ago
Argentina's financial markets experienced a significant rally after the US Treasury pledged support for the country's right-wing government ahead of crucial midterm elections. Stocks rose the highest in six months, international bonds increased, and the peso strengthened as U.S. Treasury Secretary indicated potential measures for stabilizing Argentina. This backing aims to alleviate investor concerns tied to recent political challenges, providing a crucial opportunity for the administration to navigate financial uncertainties before the upcoming elections.
Source: YAHOO