With market volatility on the surface, days before the elections, Trump and his officials are taking the LLA campaign on their shoulders. The US Treasury intervened again to calm the dollar. News about a possible trade agreement is presumed.
The government of Javier Milei face the final stretch towards the elections of October 26 amid strong volatility on the financial front, and tension on the dollar despite direct intervention by the United States Treasury. In search of bringing calm to the markets, The libertarian administration collects messages of support from both Donald Trump and “uncle” Scott Bessent, and now the North American ambassador to Argentina, Peter Lamelas, has also joined.
“We will soon have great news that will further strengthen the economic alliance between Argentina and the United States. As the motto of my Challenge Coin says: «United in Freedom, Strength and Prosperity». I am confident in the future of our lasting friendship with the Argentine people and I am optimistic that Argentina is on the right path to prosperity as a democratic, free market and sovereign republic. A big hug to my Argentine brothers – Together in Freedom! “, wrote Lamelas in social network
Financial aid from the United States: what is known so far
Despite direct intervention in the market by the US Treasury buying dollars, the exchange rate remains under fire and the Central Bank is unable to stop the bleeding of reserves. And in the city, investors flee to the trenches in search of coverage in the face of the imminent elections. There are only 6 days left – including today – of activity in the market and uncertainty dominates expectations for the day after the elections.
Bessent assured that the aid package for Argentina will be US$40,000 million. Both the Trump administration itself and large international banks will participate, which would contribute half. But the expectation of a trade agreement that leaves the country in an advantageous situation compared to the Republican’s tariff policy is also growing.
There is enthusiasm in the Government. President Milei; the ambassador to the US, Alec Oxenford; and Minister Federico Sturzzeneger, shook the version of an imminent agreement with the United States with benefits for Argentina. “There is agreements on trading positions. There is still no free trade agreement, It is the preliminary stage“said the head of state.
Oxenford had expressed himself along the same lines and stated: “I cannot reveal more, I signed a confidentiality agreement”although he made it clear that the agreement is relevant. He commented that the intention was discussed with the Cabinet and that Trump actively participated.
The ambassador assured that “very soon we will have good news”implying that the process is already advanced and that the project will have an impact on the bilateral economic and strategic sphere.
Source: Ambito
