Like Javier Milei, Trump also can’t stop Argentina’s peso from falling — ‘Will the U.S. get paid back?’

Argentina’s peso continues to sell off despite a U.S. rescue package, ahead of a key election that could trigger another steep bout of depreciation.

On Friday, the currency slipped 0.4% against the U.S. dollar, which now trades at nearly 1,492 pesos. The exchange rate has already hit a record low and is below its level before the Trump administration announced a $20 billion currency swap agreement.

While news of that lifeline briefly triggered a sharp rally earlier this month...