Argentine Assets Rebound as Milei Strikes More Moderate Tone
The article discusses the rebound in Argentine assets following a more moderate tone from President Javier Milei during the introduction of the country's 2024 budget. After a week-long rout, Argentina's dollar bonds are recovering, as Milei's conciliatory approach has raised hopes that he can gain support ahead of the upcoming midterm elections in October. The article suggests that Milei's shift in tone has been viewed positively by investors, who are now more optimistic about the potential for political stability and economic progress in Argentina. The rebound in Argentine assets reflects the market's reaction to Milei's efforts to build consensus and garner support for his policies, which could be crucial in the lead-up to the midterm elections.
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