Business & Finance
Argentine Peso Drops Most Over Eight Weeks Since Midterm Selloff
Key Points
Central Banks Argentine Peso Drops Most Over Eight Weeks Since Midterm Selloff An incipient decline in the Argentine peso is gaining momentum, as investors grow more risk averse and policymakers in Buenos Aires loosen their grip on the volatile currency.
Central Banks
Argentine Peso Drops Most Over Eight Weeks Since Midterm Selloff
An incipient decline in the Argentine peso is gaining momentum, as investors grow more risk averse and policymakers in Buenos Aires loosen their grip on the volatile currency.
The peso is down about 6% over the last eight weeks, the biggest drop in emerging markets over that time and the currency’s largest fall since the run up to midterm elections rocked the country’s markets last October. It now stands near a five-month low, after erasing a large chunk of its 2025 gains.