Currencies

Argentina’s Peso Weakens as Seasonal Bonus Stokes Dollar Demand

Argentina lifted most currency controls in April after securing a new $20 billion program from the International Monetary Fund. — Argentina lifted most currency controls in April after securing a new $20 billion program from the International Monetary Fund.Photographer: Tomas Cuesta/Bloomberg

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By Kevin Simauchi

July 2, 2025 at 1:20 PM EDT

Lea en español.

Argentina’s peso extended its slide for a third session as seasonal demand for dollars picks up ahead of the South American winter holidays, while markets anticipate a dwindling supply of hard currency in the coming months.