News of exchange

The challenge of reducing the gap between exchange rates

04-09-2021 10:39 Continuing the current chasm is a recipe threatening economic revival and halting investments.

by Miguel Kiguel

Sputniks, dollars and justice: three things we’re missing

24-07-2021 00:38 Over the past few weeks, the so-called “pax cambiaria,” or exchange rate stability, that allowed for a very sluggish decline in inflation and a timid recovery in economic activity has been disturbed by turbulence.

by Agustino Fontevecchia

Argentina’s peso mess is delivering windfall profits to brokers

14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.

Amid tension, Farming groups call three-day halt to grain trading

09-01-2021 07:37 Three-day stoppage next week called by three of four main agricultural groups to protest suspension of maize exports.

Fernández: Currency market is messy, it needs order

11-10-2020 17:22 In the wide-ranging interview with El Cohete a la Luna, president says Argentina's currency market is messy and must be “ordered.”

YPF leads Argentina corporate bond rout on new forex limits

16-09-2020 23:27 Corporate bonds from Argentina posted their biggest decline in six months on Wednesday as a new round of capital controls and government restrictions on access to dollars threatened to provoke a wave of defaults.

Negative-yielding corporate bonds are all the rage in Argentina

30-07-2020 14:21 Argentine companies issued a record US$596 million of dollar-linked bonds domestically in the past two months, and about a third now pay negative yields. Investors, nevertheless, are lapping them up.

Unofficial exchange rate slumps as printing presses warm up

14-04-2020 15:51 Argentina's unofficial exchange rate dropped on Monday after President Alberto Fernandez indicated the country may be preparing to turn on the printing presses to revive the economy.

Central Bank cuts key interest rate for fifth time since December 10

30-01-2020 21:29 Rate floor cut to 48 percent on Thursday from 50 percent. Central bank chief Miguel Pesce has lowered it from 63 percent since taking office December 10.

Chile's Central Bank to inject US$4 billion to halt curency slide

14-11-2019 11:05 Chile's currency closed at a new record low for the second day running on Wednesday after losing another 1.5 percent amidst a weeks-long crisis.