Argentine Peso will be the worst performing emerging market currency in 2023 – Wells Fargo

Economists at Wells Fargo expect the Argentine Peso to suffer a substantial depreciation this year.

Explicit Argentine Peso devaluation in Q4-2023

“Argentine authorities allowed for greater Peso depreciation in 2022; however, in order to continue receiving IMF disbursements, the central bank will need to allow for an even greater pace of currency depreciation.”

“Once presidential elections are completed in October, we believe an outsized and intentional Peso devaluation will materialize, and the Argentine Peso will be the worst performing emerging market currency in 2023.”

Mar 24, 2023

USD Index: Short-term, corrective gains will give way to more, fundamentally driven losses – Scotiabank

The USD is trading broadly higher. However, economists at Scotiabank expect the greenback to turn back lower. Markets start to think about rate cuts i

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Mar 24, 2023

BoE’s Mann: Inflation expectations are very important to the outlook

Bank Of England’s Monetary Policy Committee member Catherine Mann said on Friday that inflation expectations are very important to the outlook. Regard

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