Argentina’s peso extended its slide for a third session as seasonal demand for dollars picks up ahead of the South American winter holidays, while markets anticipate a dwindling supply of hard currency in the coming months.  Since President Javier Milei lifted most currency controls in mid-April, the peso has weakened more than 12 percent – the most in emerging markets.

SOURCE: BUENOS AIRES TIMES

https://www.batimes.com.ar/news/economy/argentinas-peso-weakens-as-seasonal-bonus-stokes-dollar-demand.phtml

By Kevin

Leave a Reply

Your email address will not be published. Required fields are marked *