Argentina’s financial markets are closed for a local holiday, but the peso weakened slightly in partial trade to stand at around 353.58 to the US dollar.

4/ OUTLIER Argentina's peso is an outlier, down around 15% against the dollar and one of this year's weakest performers.

Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday.

Argentina pegged its peso to the dollar in 1991 under the neo-liberal economic policies of President Carlos Menem and even debated full dollarization. However, it was forced to undo the peg a ...

An arranged marriage with the dollar in 1991 produced some years of bliss but ended in a ruinous divorce. More recently, the peso has suffered the humiliation of being tagged the worst-performing ...

Argentina devalued its peso by 54% on Tuesday, sending the official rate to 800 per US dollar. President Javier Milei has committed to radical policy shocks to get the economy on better footing.

London (CNN) — Javier Milei won Argentina’s presidential election Sunday on a ticket to overhaul South America’s No. 2 economy and ditch its peso currency in favor of the US dollar.