# ARS/USD: Warren Confirms JPMorgan Bought Argentine Pesos for US Treasury - Bloomberg

> Senator Elizabeth Warren's letters confirm that JPMorgan bought Argentine pesos on behalf of the US Treasury last month. Scott Bessent sought to support Milei before the pivotal election. The report centres on US support for the Argentine currency.

- Date: 2025-11-06 · published 2025-11-06T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/22241-ars-usd-warren-confirms-jpmorgan-bought-argentine-pesos-for-us-treasury
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

US intervention to support the peso shapes Argentina's currency path, which in turn affects Argentine export pricing for soy products. The direct effect on grain prices is modest.

## Read by commodity

- USDARS: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-11-06/ars-usd-warren-confirms-jpmorgan-bought-argentine-pesos-for-us-treasury

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.