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Core Viewpoint - The U.S. Treasury Secretary announced a rescue measure aimed at stabilizing Argentina's financial markets and assisting a close political ally, with the U.S. providing swap arrangements to support the Argentine peso and directly purchasing the currency, a rare occurrence in recent decades [1] Group 1 - The U.S. is taking significant steps to support the Argentine peso, which includes direct purchases of the currency [1] - The core gamble is that with U.S. financial backing, the political ally, Milei, can achieve unexpected success in the upcoming elections, which would help restore investor confidence [1] - Analysts express skepticism about the feasibility of this plan, noting that even if Milei wins, there are underlying economic issues that will not disappear, adding risk to U.S. intervention [1] Group 2 - The former U.S. Treasury official highlighted that the situation is a gamble on whether Argentina's current problems are purely political and can be resolved through electoral success [1] - There is a concern regarding the sustainability of the peso's exchange rate structure, which is critical for the success of the U.S. intervention [1]