Reported 2 days ago
U.S. Treasury Secretary Scott Bessent announced that the Treasury bought Argentine pesos in the 'Blue Chip Swap' and spot markets to help stabilize Argentina's economy. Following this intervention, both the official and blue pesos depreciated, with the official currency falling 2.8% to 1,441 per dollar. Bessent emphasized their ongoing monitoring of markets but did not disclose the amount spent on these purchases.
Source: YAHOO