Argentina investors are increasing bets that President Javier Milei will devalue the peso after midterm elections this month as the government depletes its reserves to prop up the ailing currency.
The Treasury intervened for a seventh straight session on Wednesday, according to two people with direct knowledge of the matter. It had already sold an estimated US$1.5 billion in the previous six sessions, pushing greenbacks into the market to boost the value of the peso.
In recent weeks, the government has been i
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