US Finalizes $20 Billion Currency Swap to Support Argentina

The US has made a rare move by directly purchasing Argentine pesos and establishing a $20 billion currency swap line with Argentina's central bank to stabilize its turbulent economy, a decision praised by Argentine President Milei but criticized by US lawmakers as a potential bailout and misaligned with 'America First' policies. The intervention has boosted Argentine markets but faces political and economic scrutiny amid ongoing economic struggles and upcoming elections.