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Story summary
- Treasury Secretary Scott Bessent urged the United States to wield its financial power as a foreign-policy tool.
- He said Argentina is the front-runner and praised President Javier Milei’s policies.
- The United States provided Argentina a multibillion-dollar package to stabilize its currency before the midterm elections.
- The United States and Japan conducted a joint yen-buying intervention on July 31 to curb a yen sell-off.
