Reported about 1 year ago
The rally in Argentine assets is showing signs of wavering as lawmakers push back against President Javier Milei’s pro-market reforms aimed at addressing the country's economic crisis. Benchmark dollar notes due in 2030 have fallen for six of the past seven sessions, while the parallel exchange rate has fallen about 5% in June. Lawmakers are seeking to water down Milei's omnibus bill, with the Senate set to debate the package on June 12. Argentina's sovereign bonds have faced losses, with investors demanding higher yields over US Treasuries due to concerns over the economic crisis and government stability, despite some analysts seeing the recent price decline as a buying opportunity.
Source: YAHOO