Investors Wary as Argentina Peso Slumps Amid Milei's Sharp Policy Shifts
• Investors expect Argentina's peso to come under pressure, signaling doubts about new president Javier Milei's moves • The peso has hit new lows in parallel currency markets amid 200% inflation • Milei sharply devalued the peso and removed price controls, leading to soaring inflation • The central bank cut interest rates to 100% from 133%, risking further peso weakness • Exporters and importers are selling fewer dollars, bracing for another potential currency selloff