News of peso

Milei keeps the peso from driving huge price hikes

Today 10:59 Shoppers increasingly stick to essentials and foot traffic is thinning, limiting the ability of businesses to raise prices.

ECONOMIC POLICY

Caputo tells bankers Argentina to build reserves, buy back bonds

10-11-2025 10:53 Economy Minister Luis Caputo tells investors Argentina plans to buy back sovereign bonds and start accumulating foreign reserves even while the peso trades within its band.

MONETARY POLICY

Milei dials back grip on peso as outlook improves

05-11-2025 21:51 Investor sentiment has brightened in Argentina since Milei’s party more than doubled its representation in Congress in last month's midterms.

Currency & markets

Peso to get boost from post-election debt sales rush

29-10-2025 17:10 Argentine provinces and companies are lining up to tap global markets in the next few weeks, opening a window of debt sales.

MARKET REACTION

As Argentina surges back, peso shows limit to Milei euphoria

28-10-2025 10:46 Argentina officials have repeatedly said they aren’t planning on enacting any changes to the current exchange-rate policy. As trading wore on Monday, the currency steadily pulled back from its early morning surge.

CURRENCY GAMBLE

As peso rallies, US eyes a small gain on its rescue

27-10-2025 18:17 Washington hasn’t disclosed the precise details of its unusual currency market interventions this month, but it says it made money.

ELECTION REPERCUSSIONS

Wall Street banks say Milei now has a chance to freely float peso

27-10-2025 17:57 Financial giants see a favourable scenario for Argentina to move towards a floating exchange rate for the peso and reignite a plan to rebuild reserves.

US BAILOUT OF ARGENTINA

Bessent’s intervention in Argentine peso soars past US$1 billion

25-10-2025 16:10 The US spent an amount well in excess of US$1 billion this month acquiring Argentine pesos, according to market estimates.

COST OF POWER

Milei spent around US$7.4bn protecting dollar pre-election

25-10-2025 16:03 Sunday’s legislative elections come at a historic cost: President Milei’s government has used around US$7.4 billion – a figure that could rise to US$8.4 billion, including funds from US Treasury are included – to keep the peso-dollar exchange rate stable over the two months leading up to the vote. According to Banco Provincia, it is the fourth-largest foreign exchange intervention since 2003.

by Carlos Burgueño

cryptocurrencies

Why Argentines are turning to crypto in the latest peso crisis

23-10-2025 19:26 As President Javier Milei tightens currency controls, Argentines are turning to cryptocurrencies to protect their savings.

economy

Bonds, peso rally ahead of crucial vote for Milei

23-10-2025 18:28 Argentine bonds climbed for only the second time in six sessions on Thursday, while the peso strengthened for a second day ahead of crucial midterm elections this weekend.

POLITICS: MIDTERMS 2025

Caputo: Midterms are 'more important than 2027 presidential vote'

22-10-2025 23:44 Economy Minister Luis Caputo says current exchange rate regime “will remain exactly the same” in an attempt to dispel fears of an imminent post-election peso devaluation.

CURRENCY TURBULENCE

JPMorgan, Citi wade into Argentine FX to help US halt peso slide

22-10-2025 23:28 Peso snapped a five-day losing streak as Wall Street banks were active in the local currency market.

CURRENCY TURBULENCE

Peso breaks losing streak amid FX intervention

22-10-2025 13:11 Argentina's peso strengthened, snapping a five-day losing streak amid continued market intervention by both the local and US governments.

CURRENCY WOES

Central Bank again intervenes to halt run on peso

21-10-2025 21:38 Central Bank said Tuesday it had sold US$45.5 million on the foreign exchange market to try and halt a run on the peso ahead of Sunday's midterms.

CURRENCY WOES

US Treasury sells dollars to keep peso within Argentina FX band

21-10-2025 16:41 US Treasury’s efforts to shore up Argentina’s currency are part of a broader effort to stabilise the economy before President Javier Milei’s party faces midterm elections.

ECONOMY – ANALYSIS

US backing won’t save Argentina without policy shift, economists warn

20-10-2025 22:58 Financial support from the United States government won’t be sufficient alone for Argentina, warn experts; Milei administration must change monetary policy if it is to stabilise finances long-term, they believe.

by Santiago del Carril

CURRENCY WOES

Peso drops against dollar amid fresh US backing

17-10-2025 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

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.”

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.