By Rodrigo Campos and Karin Strohecker
Argentina’s international bonds extended gains on Tuesday and the local peso firmed against the dollar after U.S. President Donald Trump spoke in support of his right-wing peer in Argentina, Javier Milei, and his economic program.
The World Bank said it aims to deploy up to $4 billion in Argentina in the coming months to support the South American country’s reform agenda.
Argentine assets rose as Trump said the U.S. will help Milei’s economic program to “ensure both countries’ success,” adding that the South American grains exporter will not need an outright bailout. Milei faces a key midterm election on October 26.
The day’s market moves lifted bonds up by 2 to 3 cents, data from MarketAxess showed, with the 2046 (040114HU7=1M) up 2.8 cents at 59 cents on the dollar. The peso 
USDARS rose 4% to the dollar following a similar gain on Monday.
Stocks drifted higher, with the local…
