BUENOS AIRES, Argentina (AP) — Markets in Argentina rallied, the peso surged and the country’s sovereign bonds jumped on Monday as libertarian President Javier Milei hailed his party’s resounding victory in midterm congressional elections as a mandate to press forward with radical free-market reforms.

The chronically depreciating Argentine peso — which international investors and Argentine depositors were dumping in droves just last week to hedge against a Milei defeat — soared more than 10% to trade at over 1,300 per dollar on Monday.

The price movements — signaling that investors were recovering confidence in Argentina — validated the Trump administration’s bet on its close ideological ally in South America.

“He had a lot of help from us,” U.S. President Donald Trump told reporters on

See Full Page