Milei’s Party Wins Midterms, Peso Rebounds

Argentine President Javier Milei’s libertarian La Libertad Avanza scored a sweeping midterm win, taking 40.8% to the Peronists’ 31.6% with 95% counted, and 64 of 127 lower-house seats to lift its total to 92. The result revives his stalled free‑market overhaul after recent market turmoil; on crypto exchanges, the peso jumped more than 7% against the dollar. The victory is set to reassure backers, including President Donald Trump, whose bailout support hinged on the vote, and US Treasury Secretary Scott Bessent, who has pledged up to $40bn. At LLA HQ, purple spotlights lit jubilant crowds.

Reviewed by JQJO team

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