News of currency

Buoyed by Trump, Argentina takes aim at US$16-billion YPF judgment

29-10-2025 11:27 After a string of political and market wins, Javier Milei faces a tougher test – a US$16-billion US judgment that could haunt Argentina’s economic revival.

MARKET REACTION

As Argentina surges back, peso shows limit to Milei euphoria

28-10-2025 10:46 Argentina officials have repeatedly said they aren’t planning on enacting any changes to the current exchange-rate policy. As trading wore on Monday, the currency steadily pulled back from its early morning surge.

ELECTIONS 2025

Argentines cast ballots in make-or-break midterm for Milei

26-10-2025 15:14 Argentina is voting Sunday in a midterm election that will serve as a crucial referendum on President Javier Milei’s ambitious austerity policies.

economy

Bonds, peso rally ahead of crucial vote for Milei

23-10-2025 18:28 Argentine bonds climbed for only the second time in six sessions on Thursday, while the peso strengthened for a second day ahead of crucial midterm elections this weekend.

POLITICS: MIDTERMS 2025

Caputo: Midterms are 'more important than 2027 presidential vote'

22-10-2025 23:44 Economy Minister Luis Caputo says current exchange rate regime “will remain exactly the same” in an attempt to dispel fears of an imminent post-election peso devaluation.

CURRENCY TURBULENCE

JPMorgan, Citi wade into Argentine FX to help US halt peso slide

22-10-2025 23:28 Peso snapped a five-day losing streak as Wall Street banks were active in the local currency market.

CURRENCY WOES

Central Bank again intervenes to halt run on peso

21-10-2025 21:38 Central Bank said Tuesday it had sold US$45.5 million on the foreign exchange market to try and halt a run on the peso ahead of Sunday's midterms.

US-ARGENTINA BAILOUT

Bessent’s plan runs short on time to line up Argentina financing

21-10-2025 21:33 US Treasury has been floating a US$20-billion financing deal involving banks, but key details such as the debt’s terms, structure and collateral remain unaddressed.

CURRENCY WOES

US Treasury sells dollars to keep peso within Argentina FX band

21-10-2025 16:41 US Treasury’s efforts to shore up Argentina’s currency are part of a broader effort to stabilise the economy before President Javier Milei’s party faces midterm elections.

CURRENCY WOES

Peso drops against dollar amid fresh US backing

17-10-2025 18:42 Argentina's peso has been fluctuating wildly ahead of next week's midterm elections next week, disrupting the savings and spending plans of locals who fear an imminent devaluation.

MARKETS & FX

Peso slumps as US fails to dispel devaluation fear

17-10-2025 11:52 US Treasury Secretary Scott Bessent announces that the United States bought the currency Thursday on the parallel exchange rate known among investors as the “blue chip swap.”

ANALYSIS

Argentines dump the peso, betting US rescue is doomed to fail

16-10-2025 19:05 Argentines are convinced that even a flood of cash from the United States won’t be able to stop another painful devaluation of the peso.

POLITICS & ECONOMY

US$20bn currency swap could be agreed before midterms, says Bausili

16-10-2025 01:31 Economy Minister Luis Caputo and Central Bank chief Santiago Bausili say landmark currency swap deal with Trump administration could be sealed before the October 26 midterms

by Santiago del Carril

ELECTION 2025: FX PREDICTION

Peso could tumble post-election, warns Morgan Stanley

15-10-2025 22:40 US investment bank outlined three scenarios depending on the outcome of the legislative vote – and predicts where the exchange rate will go.

US-ARGENTINA RELATIONS

Milei heads to White House for political, economic lifeline

13-10-2025 17:17 Argentina's president is banking on a high-profile show of political and economic support from his US ally President Donald Trump ahead of key midterm elections.

US-ARGENTINA SUPPORT

Caputo says US willing to keep buying pesos

13-10-2025 15:07 United States “is willing to continue buying pesos and bonds, and all options are on the table,” says Economy Minister Luis Caputo.

POLITICS & ECONOMY

US lifeline buys Argentina time as investors urge overhaul

13-10-2025 14:58 US$20-billion lifeline will keep Javier Milei from being engulfed by a currency crisis in the run-up to key mid-term elections. The outlook after the vote is less clear.

WASHINGTON'S RESCUE PACKAGE

United States buys pesos, confirms US$20-billion lifeline for Milei

09-10-2025 18:26 Washington steps in to save Milei with direct purchase of pesos and a US$20-billion currency swap; US Treasury Secretary Scott Bessent ready to take “exceptional” measures to stabilise Argentina’s economy in the face of "acute illiquidity.”

CURRENCY TURBULENCE

Argentine rates exceed 80% as peso crisis sparks cash crunch

09-10-2025 13:06 Short-term interest rates soar as the Milei government steps up efforts to defend the peso.

Currency woes

Milei’s dollar sales bolster the peso but stoke devaluation bets

08-10-2025 16:33 Investors are betting that President Javier Milei will devalue the peso after midterm elections this month.

CURRENCY TURBULENCE

Argentina sells dollars for fifth day as Treasury drains reserves

06-10-2025 17:27 Argentina’s government sold around US$450 million in the foreign-exchange market Monday for a fifth straight session as it tried to stem a slide in the peso.

ECONOMY – ANALYSIS

Milei defends peso while billions spent outside Argentina

05-10-2025 23:32 Argentines are going on cross-border shopping sprees, costing Milei's government billions as it tries to prop up the peso

Geopolitics & finance

Bessent’s Argentina rescue pledge put to test by traders attacking peso

03-10-2025 16:58 US Treasury Secretary Scott Bessent’s record as a powerful pacifier of unruly markets is now being put to the test in Argentina.

FOREIGN POLICY

US Treasury chief issues second message of support for Milei's Argentina

02-10-2025 12:03 US Treasury Secretary Scott Bessent says Washington is "fully prepared to do what is necessary" in support of Milei as he confirms Argentina is key to “maintaining a US strategic interest in the Western Hemisphere.”

CURRENCY TURBULENCE

Milei government sells dollars as peso drops for third day

01-10-2025 18:18 President Javier Milei's government sells more than US$450 million on spot market Wednesday to stem a slump in the peso.

ANALYSIS: SHOCK THERAPY

Currency arbitrage costs Milei US$2 billion a month in Argentina

01-10-2025 12:59 A temporary surge in farm-export dollars has prompted Argentines to purchase cheap greenbacks.

MARKETS

Milei’s financing assurances briefly lift bonds, peso

30-09-2025 14:03 President says Argentina has secured financing through the end of next year and is working on longer term plans, giving a brief boost to the nation’s assets.

CURRENCY CONTROLS

‘Cepo’ individual: Milei tightens restrictions on dollar dealings

26-09-2025 14:54 Milei government partially reinstates currency controls for individuals; Central Bank imposes restriction that prevents savers from purchasing both official and MEP/CCL dollars for a period of 90 days.

WASHINGTON'S RESCUE PACKAGE

Bessent puts US money at risk in US$20-billion Argentina backstop

26-09-2025 11:02 US$20-billion lifeline for Argentina could carry risks for US taxpayers.

WASHINGTON CALLING

Bessent halts Argentina crisis as US lifeline upends short bets

25-09-2025 09:12 Speculators seeking to profit from the sell-offs racing through Argentina’s markets were stopped dead in their tracks by a powerful investor willing to take the opposite side of the trade: the US government.

AGRICULTURE & ECONOMY

Milei’s tax cut on crops quickly lures US$7 billion

25-09-2025 08:52 Agro exporters rush to take advantage of temporary drop in export duties; Experts call on government to boost Central Bank reserves.

ECONOMIC LIFELIFE

US readies US$20-billion rescue to help Milei win in Argentina

24-09-2025 10:50 Washington plans US$20-billion currency swap with Argentina's Central Bank to boost Milei; US Treasury Secretary Scott Bessent says fresh aid a “bridge to the election,” referencing October midterms.

US-ARGENTINA RELATIONS

'We're gonna help': Trump says he will come to the rescue of struggling Argentina

24-09-2025 10:25 Markets reacted positively to Trump's show of support; US Treasury ready to "do what is needed" to help stabilise markets in Argentina

US-ARGENTINA RELATIONS

US to support Argentina with US$20-billion currency swap, bond purchases

24-09-2025 10:09 Treasury secretary says Washington in talks to support Argentina's Central Bank; Dollar-denominated bonds could also be purchased, with US investment likely to increase should next month's crucial midterms go Milei's way.

ECONOMY – ANALYSIS

Milei’s peso is 20% overvalued and fragile, analysts say

23-09-2025 14:06 Investors and analysts agree that, to one degree or another, the peso needs to drop.

US-ARGENTINA RELATIONS

US Treasury Secretary Bessent says all options on table to help Milei’s Argentina

22-09-2025 13:40 Options include currency swap lines, direct currency repurchases and US dollar-denominated debt from the Treasury’s exchange stabilisation fund, says US Treasury Secretary Scott Bessent.

ANALYSIS

Vaca Muerta overtakes agriculture – and it will finance Argentina’s future

20-09-2025 06:21 The political weight of the oil industry is surging. With a record energy export surplus and rising, the Vaca Muerta formation is shaping up to be the country’s main source of foreign currency. Businessmen, governors and lawmakers all agree that shale deposits will be a major factor in economic stability, with investments and projects transforming the map.

by Carlos Burgueño

INTERVENTION

Central Bank steps up defence of peso as assets slide

18-09-2025 16:55 Thursday’s intervention is estimated by traders to be close US$350 million, the people said, compared to US$53 million sold the day before.

CURRENCY WOES

Central Bank defends peso as Milei faces setbacks

17-09-2025 23:37 Central Bank steps into market to prop up the peso – first time it has since Milei administration introduced trading band in April.

Analysis

Milei moves to aid peso as election roils markets

02-09-2025 17:37 Intervention is the latest bid to halt a sell-off that has rattled its financial markets.

FOREIGN EXCHANGE

US$130 million per day – Argentines snap up dollars as controls relaxed

01-09-2025 18:16 Since the removal of the so-called 'cepo' – strict currency controls that limit access to foreign currency – in April, Argentines have purchased over US$ 10 billion.

by Gonzalo Martínez

MONETARY POLICY

Argentina again tightens FX rules for banks as peso strengthens

29-08-2025 13:33 Argentina increases foreign-currency restrictions for commercial lenders yet again as part of effort to support the peso and ease inflation.

MONETARY POLICY

Argentina rolls over debt in relief for battered currency

27-08-2025 21:48 Government successfully rolls over large batch of local debt in auction; Milei administration has tightened monetary policy in past few weeks to defend peso.

MONETARY POLICY

Milei digs in to defend peso before midterm elections

27-08-2025 11:16 President Javier Milei is ratcheting up his defence of Argentina’s currency ahead of another massive local debt auction.

CURRENCY WOES

Peso posts worst month since Milei’s 2023 devaluation

31-07-2025 19:35 Peso tanked by more than 12% in July – worst monthly decline since Milei devalued it in December 2023.

MONETARY POLICY

Banks face liquidity crunch as peso yields soar

22-07-2025 17:42 Interest rates on peso notes are soaring across the board, piling pressure on banks amid a liquidity crunch caused by government efforts to defend the local currency.

ANALYSIS: SHOCK THERAPY

Milei tightens grip on currency market left awash in pesos

16-07-2025 10:10 President’s economic team sends a signal to the market that it still has an iron grip on Argentina’s money supply, a key ingredient to thwarting inflation, stabilising the peso – and his high approval ratings.

CURRENCY MARKETS

Peso weakens as seasonal bonus stokes dollar demand

02-07-2025 17:38 Peso weakens to 1,243 pesos per dollar during trading as seasonal demand for dollars picks up.

ANALYSIS: SHOCK THERAPY

Milei intervenes in currency market despite letting peso float

28-05-2025 11:36 Argentina’s government has intervened in the currency markets to influence the peso’s value and is likely to miss reserve accumulation targets.