News of peso

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.

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.

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.

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

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.

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.

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.

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.

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 tells farmers to sell soy now as peso slides 12%

14-04-2025 19:08 Farmers are starting to harvest their soy crop, worth billions of dollars in export revenues that Milei desperately needs at the Central Bank. But, so far, they have traded it at a crawl.

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.

Argentina disinflation stalled despite strength of the peso

15-03-2025 10:52 Economists surveyed by Argentina’s Central Bank expect year-on-year inflation to plunge to 23% this year.

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

Milei’s week of fury

15-02-2025 06:05 The market has doubts as to whether Milei and Caputo can sustain what is clearly a super strong peso, forcing them to come out publicly to defend their policy choices. The level of aggression with which they have defended their position suggests that the risks to their strategy are real.

by Agustino Fontevecchia

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.

Is appreciation appreciated?

09-01-2025 19:37 Currency appreciation has been a central factor in giving Milei a dream spring – let us see if that same factor impelling several million Argentines to vacation abroad this summer sends the balance of payments wheel spinning in the opposite direction.

by Michael Soltys

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.

Argentines suddenly need pesos after Milei pitched dollarisation

04-06-2024 08:48 More people in Argentina are now selling some of their dollar savings for pesos to make ends meet than those buying greenbacks – the abrupt revival of demand is an unexpected consequence of President Milei's shock-therapy policies.

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. 

Milei talks up his peso plans, China, Trump and Israel

05-04-2024 09:44 Libertarian leader discusses fiscal and monetary plans, his approach to one of his country’s biggest trading partners and creditors, and much more in interview with Bloomberg News Editor-in-Chief John Micklethwait.