Argentina bonds, peso extend rally
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The peso gave back some of its gains in early trading on Friday, slipping to 18.49 to the dollar, before strengthening later in the early afternoon. Analysts at Banco Base attributed the morning depreciation to a correction after the peso appreciated during five consecutive sessions and gained 1.47% against the dollar.
The peso rose 2% Monday, interrupting a sharp selloff, after Treasury Secretary Scott Bessent said his department "stands ready to do what is needed within its mandate to support Argentina." The peso has fallen some 40% this year against the dollar,
Argentina's central bank on Friday made its largest daily dollar sale in nearly six years as it continued to use reserves to support the local currency, meeting strong dollar demand from institutional investors wary of political instability.
The Mexican peso reached its strongest position against the US dollar in more than a year on Wednesday, appreciating to 18.20 to the greenback before weakening slightly.
The Argentine peso slumped on Wednesday, breaching the trading band set by the government for the first time and threatening to throw its policies to control inflation and build up foreign currency reserves into disarray.
The Global X MSCI Argentina ETF was up 5% Monday morning after U.S. Treasury Secretary Scott Bessent said the U.S. government stood ready to support the country after a steep September selloff for the Argentine peso.
Philstar.com on MSN
Trillion Peso March: Punish the corrupt
Not even scattered rains could prevent the people from denouncing massive corruption, as the streets of Manila and Quezon City, as well as other parts of the country were flooded with simultaneous protest actions yesterday,
Christian Daily International on MSN
Christian leaders call Trillion Peso March a ‘miracle,’ urge Filipinos to sustain anti-corruption push
Christian leaders hailed the Trillion Peso March as “a miracle” after more than 70,000 Filipinos gathered at the People Power Monument on Sunday in a massive prayer rally against corruption, which organizers say is tied to misuse of a trillion-peso flood control budget.
RALLIES against corruption, including the Trillion Peso March at the EDSA People Power Monument and in key cities, proceeded on Sunday, but the mass action in Manila turned violent after unidentified,
THE Police Regional Office in Western Visayas (PRO 6) reported that the observance of the 53rd Martial Law commemoration and the “Trillion Peso March” on Septem
As Argentina faces a peso rout and investor flight, Washington offers support while Milei battles scandals, soaring inflation and rising crypto use.