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Posted 8/23/2023, 3:41:00 PM

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

The Argentinian peso weakened against the dollar on the black market while stocks rose as investors awaited the approval of Argentina's loan program by the International Monetary Fund (IMF) board, following a staff level agreement in July.

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Relevant topic timeline:

8/19/2023

Argentina in economic collapse as annual inflation hits 113%

Argentina is experiencing an economic collapse with annual inflation reaching 113%, pushing 40% of the population into poverty, and potentially leading to the return of the far-right under Javier Milei.

8/22/2023

Dollar eases before Jackson Hole, yen rises amid intervention jitters

The US dollar weakened slightly against major peers as traders awaited a speech from Federal Reserve Chair Jerome Powell, while the yen pulled away from a nine-month low and China's yuan briefly rose following attempts to bolster the currency.

8/23/2023

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

The Argentinian peso slips as investors await the International Monetary Fund (IMF) board's decision on the country's loan program, while stocks rise; Brazil approves fiscal rules to prevent public debt spike; South Africa announces expansion mechanisms for BRICS nations.

8/24/2023

EMERGING MARKETS-Mexico's peso rises after inflation data, Banxico minutes; BRICS invites new members

Mexico's peso rose against the dollar after central bank minutes and inflation data indicated that interest rates would remain on hold for longer, while the BRICS group invited Argentina and five other countries to join the bloc.

8/24/2023

EMERGING MARKETS-Most Latam FX slip as dollar pops; Chile's peso hits 3-week high

Latin American currencies are under pressure from a strong dollar as traders await remarks from Federal Reserve Chair Jerome Powell on U.S. interest rates, while the Chilean peso reaches a three-week high; meanwhile, Argentina stocks are seen as a "safeguard of value" amid economic turmoil, but the country faces opposition to joining the BRICS bloc.

9/4/2023

EMERGING MARKETS-Brazil's real rises, Chilean peso slides as copper prices fall

The Brazilian real strengthened as iron ore prices rose, while Chile's peso weakened due to falling copper prices; Mexico's peso declined for the third consecutive session; Petrobras shares fell after the company halted some asset sales; Israel's shekel gained after the central bank left interest rates unchanged; trading volumes were low due to the Labor Day holiday in the US.

9/6/2023

EMERGING MARKETS-Mexican peso leads Latam FX lower, stronger dollar weighs

Most Latin American currencies fell as the dollar strengthened on robust U.S. economic data, with the Mexican peso leading the declines, while Chile's peso gained after the central bank cut its benchmark interest rate and lowered its economic growth forecast for 2023.

9/7/2023

Argentina Faces Risk of Peso Devaluation After Presidential Election

Argentina's peso currency is at risk of another devaluation after the upcoming presidential election, with estimates suggesting a 16.6% devaluation in the three months following the vote.

9/18/2023

Stocks Waver as Investors Await Fed Meeting; Li Auto and Arm Holdings Slump

The stock market weakened slightly as investors remain uncertain ahead of the Federal Reserve's meeting this week, with eyes on the tone taken by Federal Reserve Chair Jerome Powell during the post-meeting media conference.

9/22/2023

Bitcoin Surges to 19 Million Pesos in Argentina Amidst Currency Collapse Fears

Bitcoin's price in Argentine pesos has risen significantly, but due to high inflation rates in Argentina, it has not been a reliable store of value compared to the US dollar.

Topics

Posted 8/23/2023, 3:41:00 PM

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

nasdaq.com

Relevant topic timeline:

8/19/2023

Argentina in economic collapse as annual inflation hits 113%

8/22/2023

Dollar eases before Jackson Hole, yen rises amid intervention jitters

8/23/2023

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

8/24/2023

EMERGING MARKETS-Mexico's peso rises after inflation data, Banxico minutes; BRICS invites new members

8/24/2023

EMERGING MARKETS-Most Latam FX slip as dollar pops; Chile's peso hits 3-week high

9/4/2023

EMERGING MARKETS-Brazil's real rises, Chilean peso slides as copper prices fall

9/6/2023

EMERGING MARKETS-Mexican peso leads Latam FX lower, stronger dollar weighs

9/7/2023

Argentina Faces Risk of Peso Devaluation After Presidential Election

Argentina's peso currency is at risk of another devaluation after the upcoming presidential election, with estimates suggesting a 16.6% devaluation in the three months following the vote.

9/18/2023

Stocks Waver as Investors Await Fed Meeting; Li Auto and Arm Holdings Slump

9/22/2023

Bitcoin Surges to 19 Million Pesos in Argentina Amidst Currency Collapse Fears

Bitcoin's price in Argentine pesos has risen significantly, but due to high inflation rates in Argentina, it has not been a reliable store of value compared to the US dollar.