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Currency News

Argentina hikes interest rates to 30.25% as peso slides

27 Apr 2018 10:58Financial Times
Argentina's central bank sharply raised its benchmark interest rate from 27.25 per cent to 30.25 per cent on Friday, in a muscular move aimed at propping up its ailing currency from sliding further against the US dollar. more

UPDATE 1-Argentine peso weakens to record closing low of 20.55 per US dollar

26 Apr 2018 10:33Reuters
(Adds Thursday peso weakening and intervention by central bank). BUENOS AIRES, April 26 (Reuters) - Argentina's peso currency weakened 1.41 percent to an all-time closing low of 20.55 per U.S. more

Argentina's Defense of the Peso Makes Its 27% Rates More Tempting

23 Mar 2018 07:39Bloomberg
Issuers are also taking notice and ready to tap into the new peso demand. The local unit of HSBC Holdings Plc and provinces including Rio Negro and Neuquen are seeking to raise capital in pesos, and together may seek as much as 14 billion pesos ($693 ... more

EMERGING MARKETS-Mexico peso weakens as US retail sales foster rate hike bets

15 Aug 2017 15:15Reuters
Argentine markets jumped after results from the country's mid-term legislative primary election were expected to favor business-friendly President Mauricio Macri, and the peso extended gains for a second day. Latin American stock indexes and currencies ... more

UPDATE 2-Argentine markets celebrate mid-term primary results

14 Aug 2017 09:09Reuters
BUENOS AIRES, Aug 14 (Reuters) - Argentine stocks rose, the peso strengthened more than 3 percent and credit default swaps fell on Monday after a mid-term legislative primary election was seen as favoring business-friendly President Mauricio Macri's ... more

Argentine peso strengthens after mid-term primary election

14 Aug 2017 08:07Reuters
BUENOS AIRES, Aug 14 (Reuters) - Argentina's peso opened 2.37 pct stronger at 17.26 per dollar on Monday after a mid-term legislative primary election was seen as favoring business friendly President Mauricio Macri's reform effort. more

Argentine President Macri's Coalition Gets Strong Support in Primary Election

14 Aug 2017 01:10Wall Street Journal (subscription)
BUENOS AIRES—President Mauricio Macri got an unexpected show of support in a primary election Sunday, boosting the Argentine peso and local stocks on hopes that his government will push forward with plans to overhaul the country's economy. more

Argentine peso closes at record low, pressured by cenbank easing

30 Nov 2016 12:18Reuters
BUENOS AIRES Nov 30 Argentina's peso closed down 1.2 percent on Wednesday at 15.89 per dollar, its lowest close on record, pressured by the central bank's interest rate easing, a stronger U.S. more
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