Geopolitical Tensions Escalate as U.S. and China Vie for Influence in Argentina’s Economic Recovery
Strategic Resources at Center of U.S.-China Competition in Argentina As Argentina navigates its latest economic crisis, the South American nation…
Tag: United States Secretary of the Treasury
US Treasury Expands Argentine Peso Support with Blue Chip Market Intervention
The US Treasury has expanded its intervention in Argentine markets, purchasing pesos in both spot and blue chip swap markets for the first time. Treasury Secretary Scott Bessent confirmed the actions while emphasizing the US has “capacity to act with flexibility and with force to stabilize Argentina.” The peso weakened 3.4% despite the announced support.
US Treasury Expands Argentine Currency Support
The U.S. Treasury has expanded its intervention in Argentine markets, purchasing pesos in both spot and “Blue Chip Swap” markets according to Friday announcements. This marks the first confirmed participation in the blue-chip market as part of broader efforts to stabilize Argentina’s economy, sources indicate.