
Washington Steps Into Argentina’s Peso Battle — And What It Reveals
In a rare, overt move, the U.S. Treasury has begun buying Argentine pesos in two places that actually set day-to-day prices: the blue-chip swap market (known locally as contado con liquidación, or CCL) and the spot market. Treasury Secretary Scott Bessent said Washington is coordinating closely with Buenos Aires—an unusual level of public detail for […]