Argentina's Peso Shows Limited Gains Amid Milei Euphoria
Argentina officials have stated that they do not plan to change the current exchange-rate policy. The currency initially surged after President Javier Milei's electoral win but steadily pulled back as trading continued on Monday.
The rallies sparked by Milei's win were significant, with bond prices posting record gains and the stock market rising over 20 percent. However, the peso's advance was more subdued, ending less than four percent higher, roughly where it was two weeks ago.
The limited gain reflects doubts about the nation's ability to maintain its currency-trading band, which it defended aggressively before the legislative vote.
The ebullience was far more subdued when it came to the linchpin of Milei’s plans to remake Argentina’s economy: the peso.
- Bond prices posted record gains
- Stock market rose over 20 percent
- Peso ended less than four percent higher
Author's summary: Argentina's peso shows limited gains amid Milei's win.
More News
- Women’s Big Bash League 2025-26 results
- Vilnius Airport grounds flights after suspected Belarusian balloons detected
- Gridlocked Halloween, 2025, @kaltgatzke flashbang film. I ...
- Hundreds stranded after IndiGo canceled 1,000 flights in India air travel chaos
- Tartan Army set for ‘big bash’ in Boston with two games in New England
- Heavy rain gridlocks KL traffic
- Breaking: Loyalist troops foil coup attempt in Benin
- GRIDLOCK Definition & Meaning
- Babar Azam, Mohammad Rizwan in focus: PCB clears Big Bash NOCs for Pakistan players, but with a catch
- Après la tentative de coup d'Etat au Bénin, la menace du pouvoir kaki plus présente que jamais en Afrique