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South Korea pledged to take action if needed to stabilize markets after the won declined to a six-month low https://t.co/CcQPj6Hvtx ...

The US Treasury Department in Washington. Most Read from Bloomberg The US Treasury bought more Argentine pesos Friday than it had in any other session, traders estimated, as the currency continued to lose value despite American support. Traders estimated that Secretary Scott Bessent’s Treasury sold more than $200 million during the trading session Friday, with roughly half coming in the final 10 minutes, according to people with direct knowledge. That approximate figure wasn’t seen in prior sessions, at ...

(Reuters) -The U.S. Treasury bought Argentine pesos in the "Blue Chip Swap" and spot markets on Thursday and it continues to monitor all markets, Treasury Secretary Scott Bessent said on Friday. "Treasury is monitoring all markets, and we have the capacity to act with flexibility and with force to stabilize Argentina," he said in a post on X. It was the first announcement of participation in the "blue" market, after Bessent previously spoke of buying pesos in the open market. Both the "blue" peso and th ...