The US Treasury has taken action in Argentina's currency markets, citing the peso's undervalued status.

U.S. Treasury Intervention in Argentina

The U.S. Treasury, under Secretary Scott Bessent, has made direct purchases of Argentine pesos.

This action aimed to stabilize the national exchange market in Argentina.

The intervention also seeks to support the policies implemented by President Javier Milei.

Bessent characterized the purchases as an investment, citing the undervaluation of the Argentine peso.