Investors are betting Argentina’s central bank will accelerate the gradual depreciation of the peso, known as a crawling peg, by April in an effort to make the currency more competitive in time for the country’s crucial commodity exports. The new forecast for a 6% crawling peg by April is three times the current rate but is still less than the 10% pace investors had expected in December.
February 22, 2024
SOURCE: BNN BLOOMBERG
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https://www.bnnbloomberg.ca/investors-bet-argentina-crawling-peg-to-speed-up-to-6-by-april-1.2037918