peso

Argentina's President Javier Milei gestures after the La Libertad Avanza party won the midterm election, in Buenos Aires, Argentina, on October 26, 2025.

What We're Watching

What We’re Watching: Milei sticks to his guns, Putin gets ready to test, Central Asia comes to Washington

Viewpoint: Deepening crisis in Argentina bolsters Milei’s presidential prospects

Viewpoint: Deepening crisis in Argentina bolsters Milei’s presidential prospects

Outsider candidate Javier Milei is consolidating his position as the frontrunner ahead of Argentina’s Oct. 22 presidential election even as investor concerns about his policy promises exacerbate the country’s financial turmoil. Yet the more economic conditions deteriorate, the more appealing voters will find Milei’s promises for radical change, according to Eurasia Group expert Luciano Sigalov.