The Argentine peso soared against the dollar Monday after a runaway victory for President Javier Milei in Argentina’s midterm elections.
Having initially jumped around 10 percent according to Bloomberg, the Argentine currency went on to trade about three percent higher at 1,448.30 peso to the dollar.
Milei hailed his party’s runaway victory in Sunday’s midterm elections as a “turning point” for the country and vowed to charge ahead with his agenda of shrinking the state and deregulating the economy.
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