US Sees Modest Gain from Argentina Bailout
The US made a small gain on its rescue of Argentina's currency market, with the US Treasury likely ahead by about 1-2% on its recent peso purchases.
US President Donald Trump said the United States "made a lot of money" by bailing out Argentina.
Despite the modest gain, Argentina's markets rallied after President Javier Milei's surprisingly large victory in Sunday's legislative elections.
The US intervened in the currency market this month after global investors and local residents dumped the peso, speculating that voters would reject Milei's free-market economic agenda.
Author's summary: US gains 1-2% on Argentina bailout.
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