Markets have a ‘heightened sensitivity to headlines’ about the U.S. bailout, one analyst said

The bailout could total over US$40 billion, with the new funds adding to the previously announced currency swap

The government is set to change the way it measures prices, as it currently uses an obsolete goods basket from 2004

The peso strengthened on expectations that more details about the US bailout will be revealed after the tete-a-tete

The economy minister added that the swap agreement with China still stands despite tensions between Washington and Beijing

Consumers say local products are too pricey, while manufacturers claim that taxes, banking fees are sinking their ability to compete

Treasury Secretary Scott Bessent announced the purchase of pesos after a week of negotiations with Argentine officials in Washington

Kristalina Georgieva’s comments came ahead of the country’s October 26 midterm elections

The US Treasury Secretary wrote that he was preparing to meet Argentina’s economic team in Washington to ‘meaningfully advance’ discussions on financial support