Tag: Argentina Peso US Dollar

• Friday, October 19th 2018 - 10:18 UTC

  Dollar, prices go up in inflation-ridden Argentina

  

  The US dollar rose 22 cents against the Argentine peso and closed at a 1 US$/ AR$37.50 parity on Thursday. It was the second day in a row for an upward trend following seven straight slumps.

• Saturday, September 1st 2018 - 07:46 UTC

  IMF strong support helps stabilize Argentine Peso; Macri preparing new economic package

  

  Argentina’s beleaguered peso stabilized on Friday as the central bank said it would auction a large amount of dollar reserves, and the International Monetary Fund (IMF) issued a strong statement of support for President Mauricio Macri’s government.

• 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.

• Wednesday, August 15th 2018 - 07:11 UTC

  Argentine Peso stabilizes, country risk falls and stock market rebounds

  

  The Argentine peso climbed on Tuesday after the Central bank implemented a raft of measures to stabilize the volatile currency on Monday, including increasing the benchmark interest rate to 45% from 40% previously, and announcing it was offering markets US$ 500 million.

• 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, June 20th 2018 - 06:54 UTC

  Argentine central bank contains run on the Peso, and major dumping of bonds

  

  Argentine bonds touched their lowest levels of market-friendly President Mauricio Macri's term on Tuesday, but rebounded in a volatile trading session. Meanwhile the country risk (a measure of the difference between its bond yields and those issued by other countries) rose as much as 27 points to a 33-month peak.

• Wednesday, May 9th 2018 - 07:32 UTC

  Peso storm: Argentina requests a US$ 30bn precautionary credit from IMF

  

  Argentina asked the International Monetary Fund for financing to help stem a run from the Peso to the US dollar that is sparking a surge in interest rates and threatening to derail the country's economic recovery. The sum requested is estimated between 25 and 30bn dollars, 500% Argentina's IMF quota and could be disbursed in two forms, a flexible credit line or a precautionary credit line.