A big win could inspire Milei and his colleagues to keep appreciating the peso, which is lowering inflation and benefiting Argentina's upper and high-middle classes.

A huge midterm win would hurt Milei

As the October midterm elections approach in just two months, the administration of President Javier Milei is focusing primarily on demonstrating to Argentines its commitment to continuing the fight against inflation. For two consecutive months, May and June, it has achieved robust figures below two percent per month, recording 1.5 and 1.6 percent, respectively. This … Read more