SaralnamaToday: Argentine markets fell sharply. The peso dropped 5% against the US dollar. The main stock index fell 10.5%. This happened after President Milei's party lost badly in Buenos Aires elections. From today: The government faces a tough choice. It can let the peso fall or use reserves to support it. Until: Argentina will hold national midterm elections. Milei's party aims to win enough seats to avoid vetoes. Next: Market experts worry about Argentina's economic reforms. They say defending the peso could increase default risk. The IMF's ₹1,66,000 crore program for Argentina might face challenges. (Updated 9 Sep 2025, 01:29 IST; source: link)
Key Points
- Today: Argentine markets fell sharply
- The peso dropped 5% against the US dollar
- The main stock index fell 10.5%