Argentine peso weakens to fresh low despite US interventions

Financial TimesMonday, October 20, 2025 at 8:55:39 PM
Argentine peso weakens to fresh low despite US interventions
The Argentine peso has hit a new low despite a $400 million intervention from Washington, highlighting the ongoing economic struggles in the country as it approaches midterm elections. This situation is concerning as it reflects the challenges the government faces in stabilizing the currency and restoring confidence among investors, which could have significant implications for the country's economic future.
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