"Argentina's Currency Plunges as Trump-Admiring Candidate Surges in Primary Election"

The Argentine peso plummeted after anti-establishment candidate Javier Milei, who admires former President Donald Trump, emerged as the frontrunner in the country's primary elections. Milei advocates for replacing the peso with the dollar, abolishing the Central Bank, and holds controversial views on various issues. The government devalued the currency by 20 percent in response to the surprising results. With around 30 percent of the vote, Milei is now a serious contender for the presidency, challenging the dominance of mainstream political coalitions. Argentina is grappling with high inflation, poverty, and a depreciating currency. Milei's rise reflects voter frustration with the status quo.