Tag: Argentine peso

Thursday, August 30th 2018 - 09:11 UTC
Macri addresses the nation; IMF pledges more support but Peso falls 7%, a record 34 to the US dollar

Argentina's Peso suffered its biggest one-day slide in almost three years on Wednesday after the central bank sold reserves for a second straight day and the president asked the International Monetary Fund for early release of standby funds.
Wednesday, August 29th 2018 - 08:48 UTC
US dollar hits a new record in Argentina despite auctioning US$ 200 million

Argentina’s central bank auctioned a total of US$ 200 million of its reserves in two separate currency auctions on Tuesday after the peso hit new lows, the monetary authority said in a statement.
Sunday, August 26th 2018 - 04:35 UTC
Argentina's Peso falls 1.42% on Friday, despite a weaker dollar following Fed's Powell speech

Argentina’s peso currency fell 1.42% to a record low close of 30.92 per dollar on Friday, weighed down by an economy slipping into recession, high inflation and uncertainty driven by corruption investigations.
Friday, August 24th 2018 - 08:50 UTC
Argentina’s economy contracts in June for the third month running

Argentina’s economy contracted 6.7% in June compared with the same month last year, and 1.3% compared with May, government statistics agency Indec said on Thursday. June was the third consecutive month of decline following 5.2% in May and 0.6% in April.
Saturday, August 11th 2018 - 09:13 UTC
Black Friday for Argentina: dollar climbs 3.86% and sovereign credit risk reaches 700 points

Argentina’s peso closed down 3.86% on Friday and the stock market ended 1.44%, pressured by emerging markets turmoil, particularly in Turkey, and a corruption scandal that has touched some of the country’s top business leaders, traders said.
Wednesday, July 4th 2018 - 08:13 UTC
Argentina reveals financial needs; stock market and the Peso rebound

Argentina will need to raise a net US$ 8 billion in the domestic debt market in 2019 to meet financing needs that include a US$ 7.4 billion primary deficit and US$ 25 billion in debt principal and interest payments, according to a Treasury Ministry document.
Tuesday, July 3rd 2018 - 07:33 UTC
Argentina hikes bank reserves; Peso gains 1.9% vs the dollar and settles at 28.3

Argentina's central bank said on Monday that it hiked bank reserve requirements by 3 percentage points, following a hike of three percentage points on June 18 as monetary policymakers seek to calm inflation and end a run on the peso currency. The Peso gained 1.9% on Monday against the dollar.
Saturday, June 30th 2018 - 15:49 UTC
Argentine Peso and equities end the week back on skid row

After a week of relative stability, the Argentine peso slid more than 2.5% percent on Friday, as an economic crisis marked by high inflation, wobbly growth and an outflow of capital began to bite again.
Friday, June 22nd 2018 - 09:16 UTC
Stocks up 6% and the Peso stabilized following MSCI upgrade of Argentina

Argentine stocks surged on Thursday after index provider MSCI upgraded the country to its emerging markets index a day earlier, a respite from months of dismal economic news for market-friendly President Mauricio Macri. The local Merval stock index closed up 6%, led by industrials and banks. Investment bank Grupo Financiero Valores led gains, rising 18.3%, while aluminum producer Aluar rose 13%.
Tuesday, June 19th 2018 - 08:35 UTC
Argentina shores the Peso, stock market tumbles, ahead of 'Super Tuesday'

Argentina's peso rose sharply on Monday as a new central bank chief took his first moves to shore up the battered currency, while escalating fears of a damaging trade war between the United States and China drove Latin American stocks down. The Argentine peso jumped after the central bank said it will hike bank's reserve requirements in a move expected to tighten local-currency liquidity after the latest run on the peso.