
Uruguay's Economy Minister Gabriel Oddone said on Monday that the landslide victory by Argentine President Javier Milei's La Libertad Avanza (LLA) in Sunday's midterm elections would benefit his country with a more stable neighbor, resulting in a favorable environment for the economy.
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Argentine President Javier Milei's La Libertad Avanza (LLA) on Sunday recorded a surprise victory in the province of Buenos Aires and secured over 40% of the vote nationwide to become the strongest force in the Lower House after Dec. 10.
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President Javier Milei of Argentina said his country had chosen to leave “100 years of decadence behind” after his La Libertad Avanza Party's victory in Sunday's midterm elections with over 40% of the national vote.
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Argentina's midterm elections went uneventfully on Sunday amid a poor turnout that left analysts wondering which party lost the most votes. It will not be until 9 pm local time that the first reports from the National Electoral Directorate (DINE) are due.
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Despite interventions from the United States Treasury, financial tensions continue to escalate in Argentina just over a week before the Oct. 26 midterms. The wholesale dollar recorded its biggest daily rise on Friday in almost six weeks, closing at AR$1,450, a 3.5% increase. It briefly reached an intraday high of AR$1,475, putting it just 2.5% below the floating band ceiling of AR$1,489.10.

US President Donald Trump said on Tuesday that his country's help to Argentina hinged on Javier Milei's La Libertad Avanza (LLA) winning the upcoming midterms, followed by reelection in 2027. Trump stressed that the upcoming elections were “very important” and “being watched by the world.”

Argentina's Economy Minister Luis Toto Caputo announced on Thursday that the government would sell every last dollar to defend the current parity between the Argentine peso and the greenback. He made those remarks following a rise in the official quotation, which pierced the upper limit of its exchange rate band. Caputo insisted this approach fell within the program agreed upon with the International Monetary Fund (IMF).