Bessent promises "large and forceful" support for the Argentine currency.

Amid the financial uncertainty facing Argentina, one phrase resonated in the halls of Washington: any action by the United States will be "big and forceful." Treasury Secretary Scott Bessent expressed this sentiment, sending a direct message to international markets.

Expectations are high. The meeting between Donald Trump and Javier Milei , scheduled in New York during the UN General Assembly, will be the stage where it will be decided whether Washington's aid will become a lifeline for the Argentine peso.

Bessent made it clear that the United States will not impose any new conditions , a gesture intended to differentiate this potential support from traditional rescue packages with strict demands.

According to the Treasury, the Biden-Trump administration—depending on the political transition—values ​​the reforms promoted by Milei in Argentina , aimed at cutting public spending, opening markets, and restoring confidence.

Washington appears satisfied with the progress, but emphasizes that any action will follow the bilateral meeting, where the magnitude of the crisis and available options will be assessed.

The Argentine currency is experiencing extreme volatility. Accumulated inflation and a lack of reserves have undermined investor confidence, and exchange rate pressures are continuing unabated.

In this context, Bessent's message serves as a signal of international support . The official asserted that he sees no risk of financial contagion to other countries in the region, although he admitted that the Argentine situation requires exceptional measures.

The United States' interest in supporting Argentina is not solely financial. Analysts emphasize that it is also a geopolitical issue: maintaining stability in a strategic partner in the Southern Cone, especially at a time when powers like China are seeking to increase their influence in the region.

The potential "strong" support for the Argentine currency could include emergency credit lines, currency swaps, or a coordinated intervention with multilateral organizations. However, Washington remains silent on the specific details.

In Buenos Aires, while the markets await signals, Bessent's words are circulating from office to office. Milei's advisors see it as a ray of hope , although they warn that the true impact will depend on the trust generated by the meeting with Trump.

On Wall Street, some analysts already project that any US measure could trigger a temporary recovery of the Argentine peso and ease currency tensions. However, others warn that without a sustained plan, the effects could be diluted.

What happens in New York could mark a turning point. The Trump-Milei meeting will not only define the immediate future of the Argentine peso , but also Argentina's place in the United States' strategy in Latin America.

The promise of "large and overwhelming" support is more than an economic message: it's a political gesture that seeks to consolidate the alliance between Buenos Aires and Washington.