Wall Street investors are forecasting a positive market reaction in Argentina after the country sealed a $20 billion loan program with the International Monetary Fund and undid large parts of its currency and capital controls. Traders expect bonds and equities to rise, with Argentina’s risk index that reflects investor sentiment in the country’s debt falling. The IMF support is seen boosting overall confidence and the removal of controls helping spur investment. The peso is likely to weaken after the central bank undid its so-called “crawling peg” and shifted to a far wider trading band of 1,000-1,400 pesos per dollar, though this could be offset by increased demand for pesos from grain exporters.
April 14, 2025
SOURCE: UK FINANCE
Argentina peso slides as Wall St cheers FX controls easing, IMF deal
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