Monthly

There was another round of run on the currency during August, which was caused largely by local events. Although other emerging-markets currencies underperformed and put extra pressure on the exchange rate, the Argentine Peso was the worst: YTD it depreciated more than 100%, followed only by the Turkish Lira (75%). ...

In Argentina the dollar is king, as some key indicators such as consumer confidence, the government’s positive image and financial stability dance at its tune. There are few countries where consumers, investors and politicians follow so closely the evolution of the exchange rate and where devaluations can topple gov...

The strategy of a gradual reduction of the fiscal deficit that the government implemented since the outset had always had one weakness: it depended on external financing.  Confidence was of the essence. Unfortunately, the increase in US interest rates, the strengthening of the US dollar combined with some domes...

The last few months have been difficult for the Macri administration on the economic and political fronts. Its popularity dropped to the pre-October election levels of around 46% after surging in late October and November, consumer confidence suffered, and the overall mood among investors and the business community ...