BUENOS AIRES, Jan 24 (Reuters) - Argentina's peso currency plunged 1.6 percent on Wednesday to close at a historic low of 19.6525 per dollar, after the central bank slashed its benchmark policy rate to 27.25 percent on Tuesday.
more| 06 Jun 2017 07:53 | Bloomberg |
"Argentina's carry is so high it compensates for peso depreciation in the months ahead," said Alvaro Vivanco, the head of Latin America strategy for BBVA, who recommends fixed-rate local bonds known as Botes due in 2021 and 2023.
more| 22 Jan 2016 06:29 | Bloomberg |
A month after President Mauricio Macri removed currency controls as part of an effort to end Argentina's decade of exclusion from international capital markets, the peso continues to trade in splendid isolation from its peers. The peso fell 27 percent ...
more| 17 Dec 2015 14:26 | Sputnik International |
After the move, financial experts forecast the peso to climb from 9.82 to 15 per $1. Macri campaigned on a pledge to liberalize the currency market and increase reserves up to $25 billion over the next four months.
more| 17 Dec 2015 12:33 | Bangkok Post |
BUENOS AIRES - The Argentine peso lost 30 percent of its value on Thursday after the new pro-business government scrapped the foreign exchange restrictions introduced by its leftist predecessors.
moreBUENOS AIRES Dec 17 Argentina's peso closed at 13.38 per U.S. dollar on Thursday, down 26.55 percent after the government lifted currency controls and allowed the currency to weaken, market sources said.
more| 17 Dec 2015 11:37 | GlobalCapital |
Giant coupons allow investors to take punt on Argentine peso. MTN investors are speculating that the huge yield available on Argentine peso bonds may be worth the risk of buying bonds denominated in a currency which is undergoing official devaluation.
more(Adds Argentine peso, BTG Pactual shares) By Bruno Federowski SAO PAULO, Dec 17 Latin American currencies were mostly steady on Thursday as traders took an increase in U.S.
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