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Market Impact: 0.45

After Decade of Slumps, Argentine Peso Becomes Surprise ‘Haven’

Currency & FXEmerging MarketsGeopolitics & WarInvestor Sentiment & PositioningMarket Technicals & Flows

The Argentine peso, after more than a decade of persistent depreciation, is now strengthening and 'thriving' as the war in Iran roils global markets. This reversal signals a shift in FX flows and positioning into the peso and has implications for emerging-market currency volatility and investor risk allocation.

Analysis

The Argentine peso, after more than a decade of persistent depreciation, is now strengthening and 'thriving' as the war in Iran roils global markets. This reversal signals a shift in FX flows and positioning into the peso and has implications for emerging-market currency volatility and investor risk allocation.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.20