CURRENCY WOES Peso drops against dollar amid fresh US backing Yesterday 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 Yesterday 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.
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.
MONETARY POLICY Milei team sends mixed FX policy signals ahead of Trump meeting 14-10-2025 15:24 Since April, Argentina has let the peso float within a range as part of its agreement with the International Monetary Fund. However, authorities have intervened multiple times within the range.
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.
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.
ANALYSIS: SHOCK THERAPY Milei pulls out all stops in defence of fragile peso 08-10-2025 13:33 After burning through billions of dollars in reserves, Argentina’s government is getting creative and finding new alternatives to defend the peso.
RESERVES & CURRENCY WOES Milei running short of dollars as Argentina awaits US lifeline 07-10-2025 16:14 Argentina’s Treasury is burning through its dollar deposits to prop up the peso, with traders estimating it has as little as US$700 million left in its coffers.
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
BONDS & MARKETS Locals fuel Argentine bond swings as Bessent stokes chaos 03-10-2025 17:38 Volatility soared in the past few weeks as Argentina slipped back toward a currency crisis.
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.
CURRENCY TURBULENCE Milei’s government sells dollars as peso starts to sink again 30-09-2025 21:06 Currency fell more than 6% Tuesday, biggest intraday drop since September 8,
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.
ECONOMY Milei’s Treasury set to snap up large dollar sales 25-09-2025 19:22 Argentina’s Treasury is moving to scoop up large amounts of foreign currency in block trades just as US$7 billion from grain exports enters the market.
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.
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.
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.
CURRENCY WOES Peso breaches trading limit, upends Milei FX strategy 17-09-2025 14:09 Peso hits 1,474.50 per dollar, beyond the upper level of Milei administration's trading limit.
CURRENCY WOES Peso posts sharpest weekly fall since Milei took office 13-09-2025 09:12 Market rout follows ruling coalition’s defeat in Buenos Aires Province election; Sell-off deepens amid corruption scandal and doubts over October elections.
ECONOMY – ANALYSIS Argentina let peso plunge and then stepped in to contain losses 12-09-2025 11:13 Milei administration allowed peso to weaken this week, while simultaneously moving to prevent the rush out of the currency from turning into a stampede.
ECONOMIC FALL-OUT Morgan Stanley’s flip-flop shows speed of crisis ensnaring Milei 09-09-2025 09:47 It took less than a week to make Morgan Stanley abandon its bullish call on Argentina.
BILATERAL BANK SPAT Milei government accuses Chinese bank of driving peso drop 03-09-2025 23:15 Finance Secretary Pablo Quirno points finger at a Chinese bank – without naming it – by saying it deliberately pushed down the peso’s value in trading on Monday.
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.
BONDS & MARKETS Vontobel, Neuberger see opportunity in Argentina local bond rout 11-08-2025 15:44 Money managers are piling into Argentina’s local markets, seizing on the steep sell-off in the peso and domestic bonds.
TRAVEL & TOURISM Messi, Milei and Mickey Mouse are driving tourists to US 08-08-2025 11:40 Argentines are traveling in droves to the United States this year, bucking a sluggish overall trend of international tourism.
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.
ECONOMY – ANALYSIS The risks of the Milei government’s economic plan 17-07-2025 10:03 Macroeconomic order and disinflation alone do not guarantee long-term sustainability. by Luis Secco
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.
ANALYSIS: SHOCK THERAPY Rush of farm dollars fails to lift peso ahead of vote 10-07-2025 09:37 Three months after President Javier Milei lifted Argentina’s currency controls, early investor optimism has given way to growing caution
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 Dollar-obsessed Argentines have a newfound love for buying gold 11-06-2025 18:24 Argentina’s deep-rooted reliance on the greenback is now being challenged by a growing appetite for gold.
CENTRAL BANK MANOUEVRES Argentina eases bond auction rules in aim to lure more dollars 09-06-2025 22:10 Central Bank unveils slew of measures aimed at helping the nation amass more hard-currency reserves.
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.
MILEI'S MEASURES Distrusting Argentines loath to bank their 'mattress dollars' 23-05-2025 18:08 Argentina's government estimates there are about US$200 billion so-called "mattress dollars" out there – five times the reserves of the Central Bank.
CRISIS BITES Two minimum wages now cover eight days of family expenses 15-05-2025 00:39 With the national wage council talks deadlocked, the Milei government has again unilaterally established the basic pay increase for registered workers, passing from 296,832 pesos in March to 302,600 pesos in April – a raise of 5,768 pesos. by Agustina Bordigoni
ANALYSIS: SHOCK THERAPY How Milei keeps peso strong ahead of midterm vote 14-05-2025 12:00 President Milei's government doubles down on a strong peso strategy, making it the cornerstone of his midterm election campaign.
ANALYSIS: SHOCK THERAPY Corporate defaults start piling up as Milei policies kick in 07-05-2025 12:28 As Javier Milei removes the distortions that once characterised Argentina’s economy, companies that bulked up on debt by exploiting exchange rate gaps are hurting.
Editorial Will April showers bring May flowers? 03-05-2025 07:45 Critics of the exit from the ‘cepo’ currency and capital controls argue that it opens the door to speculative peso-dollar shuffles. Whether or not they are right will go much further towards defining the outcome of the October midterms than any cultural battles.
CURRENCY, FX POLICY Peso will float freely, but it’s not yet time, says Bausili 24-04-2025 10:24 Argentina’s exchange rate will be fully liberalised “in time,” says Central Bank Governor Santiago Bausili at event in Washington.
Editorial Floating on air? 19-04-2025 06:00 Milei might echo Alfonsín by proclaiming: “Happy Easter, the dollar is in order” but early days – a more total exit from currency and capital controls by Macri in in late 2015 was even smoother, without ensuring him a happy ending.