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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world The rallies unleashed by Argentina President Javier Milei ’s surprising electoral win were stunning, with bond prices posting record gains and the stock market skyrocketing over 20% as investors stampeded back in. The ebullience was far more subdued when it came to the linchpin of Milei’s plans to remake Argentina’s economy: the peso. As trading wore on Monday, the currency steadily pulled back from its early morning surge to end less than 4% higher — at roughly where it was two weeks ago.
