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.

Updates with weekly gains in fourth paragraph MEXICO CITY, March 3 (Reuters) - The Mexican peso strengthened Friday to trade below 18.00 pesos per dollar, its best showing in nearly five years.

The peso weakened 0.4% at 1436 ET, trading at 20.2048 per dollar, after dropping in early trading as low as 20.8100 per dollar for the first time since August 2022, a fall some analysts said may ...

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 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.

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

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 ...

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.