News of peso

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.”

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.

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.

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.

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.

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

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,

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.

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 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.

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.

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.

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.

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.

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

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.

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.