Milei's Party Wins 41.5% in Argentina Midterms as Peso Surges Over 10%

President Javier Milei's La Libertad Avanza party secured 41.5% of the vote in Buenos Aires province during Sunday's midterm elections, narrowly defeating the Peronist coalition's 40.8%. The peso strengthened more than 10% against the dollar on Monday. Argentina's 2038 international dollar bond rose to approximately 74 cents on the dollar, while local equities advanced over 20%.