ECONOMY Milei’s Treasury set to snap up large dollar sales Yesterday 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 Yesterday 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.
ECONOMIC INDICATORS What was the exchange rate when Milei came into office? 16-04-2025 16:10 Official exchange rate almost doubled from near 400 pesos to 838 pesos per greenback in the initial four days after Milei’s inauguration – now it stands closer to 1,200.
ANALYSIS: SHOCK THERAPY 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.
IMF BOOSTS RESERVES 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.
AGRICULTURE & ECONOMY 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.
ECONOMIC CHANGES Peso slides, bonds jump after FX rules lifted 14-04-2025 13:46 Argentina’s sovereign debt climbed Monday while the peso slipped after the country lifted most of its currency-market restrictions.
CURRENCY WARS Argentina's Central Bank sells up to US$400 million to defend peso 11-04-2025 17:32 Argentina's Central Bank sold as much as US$400 million to defend the peso on Friday – the most in a day since mid-March.
BLOOMBERG - ANALYSIS 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.
ANALYSIS: SHOCK THERAPY 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.
ECONOMY – ANALYSIS 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.
ECONOMY Surge in Argentine tourists fuels Chile retail earnings 11-03-2025 16:06 Argentina's strong peso encouraged 2 million people to travel to Chile last year, boosting earnings for retailers and airlines on the other side of the border.
SHOCK THERAPY Milei’s strong peso revives domestic football with million-dollar contracts 25-02-2025 15:35 President’s peso policy has domestic clubs spending big; More than two dozen players now make US$1 million or more a year.
EDITORIAL Exeunt severally 15-02-2025 06:26 Volatility would seem to be the middle name of the Milei administration.
ANALYSING ARGENTINA 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
POLITICS & ECONOMY – ANALYSIS 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
Currency flows Argentines spend most dollars since 2018 on strong peso policy 11-02-2025 12:29 Argentines are spending the most amount of dollars in years as they cash in on a strong peso.
SINS OF THE FATHER? Milei fires Cavallo’s diplomat daughter after peso criticism 10-02-2025 16:45 Milei removes Sonia Cavallo as Argentina’s ambassador to the Organisation of American States following criticism from her father, Domingo Cavallo.
Editorial 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 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.
BEYOND THE HEADLINES 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