News of peso

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.

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.

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.

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.

Milei risks reigniting inflation by floating Argentina’s peso

16-04-2025 12:35 Decision to ease currency controls is having an impact in the real economy. Retailers and importers are cautiously adjusting their prices as the peso weakens. And some fear it could spark inflation.

Central Bank reserves hit US$36 billion after first IMF tranche

15-04-2025 17:26 First disbursement of US$12 billion arrives from International Monetary Fund, boosting reserves; Official exchange rate rises to 1,223 pesos per dollar; Country risk falls to 725 points.

Milei needs rush of soy dollars to calm peso sell-off in Argentina

09-04-2025 17:42 Like his predecessors, President Javier Milei is depending on the soy harvest to manage one of the word’s most volatile currencies.

Traders bet on weaker peso as Milei’s IMF deal looms

26-03-2025 21:39 Investors see Argentina’s peso on the verge of devaluation again, but for Javier Milei, such a step could prove costly – especially ahead of midterm elections in October.

Exeunt severally

15-02-2025 06:26 Volatility would seem to be the middle name of the Milei administration.

Cavallo, Milei and the elephant in the room

15-02-2025 06:08 Besides numbers, markets measure moods and tones. And the tone they got from President Javier Milei this week may not have been reassuring.

by Marcelo J. García

Super size peso

08-02-2025 06:46 The peso is a palpably overvalued currency. Denialism is not the solution but nor is devaluation.

Energy export surge quells fears over currency management

29-01-2025 11:20 BlackRock, Barings say energy dollars should quell Argentina’s foreign exchange concerns.

Argentina fights on two fronts to defend peso, draining reserves

02-08-2024 14:14 Argentina’s decision to extend its defence of the peso to the parallel market is draining its foreign currency reserves and denting the most fragile of commodities in its battered economy: investor confidence.

Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt

26-06-2024 23:36 Argentina's Central Bank is struggling to rebuild its chest of foreign reserves as it starts to spend money in currency markets to defend controls propping up the peso.

Milei sparks wild rally that makes peso number one in the world

25-04-2024 15:17 Four months into office, President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: stabilising Argentina's currency.

Milei sees long slog ahead to bring Argentina reforms he pledged

05-04-2024 11:14 While Milei made shutting down the Central Bank and dollarising the economy centrepieces of his political campaign, he acknowledges plans are going to take a lot longer than he expected. 

Dollar fever eases in Milei’s Argentina... good news?

11-03-2024 16:25 Appetite for dollars in Argentina as a shelter against inflation is falling under Milei’s government, but what from afar looks encouraging, smells of recession, declining imports and falling incomes.

Argentina peso bond puts balloon, spurring inflation risk

05-03-2024 14:16 Puts on Argentina’s peso debt issued by the Central Bank have surged under Javier Milei’s government, reaching a record and prompting officials to scale back their use amid growing investor concern.

'It makes me sad': Gloomy times for vacationers in Mar del Plata

22-01-2024 16:39 Light traffic, half-full beaches and a semi-empty city – in Mar del Plata, Argentina’s leading summer tourist destination, business is far from booming.

Why the Argentine peso is slipping through Milei’s fingers

18-01-2024 23:30 Despite Javier Milei's best efforts, the gap between blue and official rates remains, and the peso has plunged by about a third against the dollar this year.