Argentina's Election: A Make-or-Break Moment for Milei

Argentina's fate hangs in the balance as tense markets await crucial legislative election results that will determine President Milei's power to push through vital economic reforms. Despite a $20 billion currency swap with the US and further rescue fund efforts, the peso plummeted to record lows, forcing central bank intervention. With investors betting against the peso and eyeing potential policy shifts, the election outcome will significantly impact Argentina's economic future, from inflation to credit markets.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.