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Argentine Peso Drops Against Dollar Despite US Backing

Argentine
International Business Times Fews App News Provider
Fews App Post Time 1d ago

El ministerio de Economía de Argentina, en Buenos Aires, en una imagen del 8 de septiembre de 2025 AFP Argentines scrambled Friday to buy dollars and household items as the peso depreciated against the greenback, despite multi-billion dollars of US support for the under-pressure currency. The peso has been fluctuating wildly ahead of mid-term elections next week, disrupting the savings and spending plans of Argentines who fear it can lose even more value after the vote. With the government of President Javier Milei under pressure, the peso opened at 1,465 to the dollar Friday morning, having closed at 1,430 the day before.

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