MARKET NEWS
Argentina's peso: where's the currency headed after FX regime overhaul? - REUTERS
By Jorge Otaola
Summary
- Argentina's government eases years-long currency controls
- Peso can float freely between 1,000-1,400 per dollar
- Analysts see peso weakening in trading on Monday
- Government met banks to limit volatility - sources
BUENOS AIRES, April 14 (Reuters) - The question on every trader's lips in Argentina: How much will the peso be worth on Monday morning?
The long-suffering currency will start on a new exchange rate regime on Monday after the government dismantled large parts of the country's years-long capital controls, putting the peso on a far wider trading band than its previous fixed peg.