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Category ARS

USD/ARS: Here’s why the Argentine peso has crashed despite Trump bailout

USD/ARS: Here’s why the Argentine peso has crashed despite Trump bailout

The Argentine peso continued its freefall as traders focused on the upcoming elections in the country and interventions by Donald Trump and his adm...
U.S. banks stuck on collateral talks as $20 billion Argentina loan nears finalization

U.S. banks stuck on collateral talks as $20 billion Argentina loan nears finalization

U.S. banks, including JPMorgan, Goldman Sachs, and Citigroup, seek collateral before finalizing a $20 billion loan to Argentina.
Argentina’s peso drops to a record low of 1,476 per dollar on Monday despite U.S. intervention

Argentina’s peso drops to a record low of 1,476 per dollar on Monday despite U.S. intervention

The peso keeps tanking. On Monday, it sank by almost 1% in early trading to 1,476 per dollar, hitting a fresh record intraday low before recovering...
US, Argentina finalize $20 billion swap to stabilize peso reserves

US, Argentina finalize $20 billion swap to stabilize peso reserves

The US finalizes a $20 billion currency swap agreement with Argentina to stabilize the peso amid mounting financial turmoil.
Emerging market stocks log biggest rally since 2009 as dollar tumbles

Emerging market stocks log biggest rally since 2009 as dollar tumbles

Emerging market stocks have hit their strongest rally since 2009 as a falling U.S. dollar and cheap valuations attract investors back to developing...