# Bessent’s Intervention in Argentine Peso Soars Past $1 Billion

> The US spent well over $1 billion in October buying Argentine pesos, according to market estimates. The purchases were part of Treasury Secretary Scott Bessent's backstop effort ahead of the October 26 midterm vote.

- Date: 2025-11-01 · published 2025-11-01T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/22721-bessent-s-intervention-in-argentine-peso-soars-past-1-billion
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Large US support for the peso reduces Argentine currency pressure and the discount on Argentine exports, which supports world soymeal prices somewhat.

## Read by commodity

- USDARS: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-10-24/bessent-s-intervention-in-argentine-peso-soars-past-1-billion

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