ARGENTINA_ Big win in midterm vote for Milei boosts Argentinian markets, vindicates Trump

THE WASHINGTON TIMES

Big win in midterm vote for Milei boosts Argentinian markets, vindicates Trump

Argentina’s President Javier Milei celebrates after winning in legislative midterm elections in Buenos Aires, Argentina, Sunday, Oct. 26, 2025. (AP Photo/Rodrigo Abd) more >

By Associated Press - Associated Press - Monday, October 27, 2025

BUENOS AIRES, Argentina — Markets in Argentina rallied, the peso surged and the country’s sovereign bonds jumped on Monday as libertarian President Javier Milei hailed his party’s resounding victory in midterm congressional elections as a mandate to press forward with radical free-market reforms.

The chronically depreciating Argentine peso — which international investors and Argentine depositors were dumping in droves just last week to hedge against a Milei defeat — soared more than 10% to trade at over 1,300 per dollar on Monday.

The price movements — signaling that investors were recovering confidence in Argentina — validated the Trump administration’s bet on its close ideological ally in South America.

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READ MORE: https://www.washingtontimes.com/news/2025/oct/27/big-win-midterm-vote-milei-boosts-argentinian-markets-vindicates/

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