archiveArgentina

The South American nation’s central bank announced that it will undo a fixed currency peg from Monday, letting the peso freely fluctuate within a moving band between 1,000 and 1,400 pesos per dollar, versus 1,074 at the close on Fridayread moreArgentina dismantled key parts of its years-long currency controls and loosened its grip on the peso on Friday as it sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund (IMF).The IMF deal lays out an immediate disbursement $12 billion, and a first review is planned...

After talking about creating a “strategic reserve” of cryptocurrencies during his Presidential bid last year, Donald Trump has for the first time announced five virtual coins he plans to include in the American reserve stockpile – a move which has given a booster shot to the crypto trading market, helping it upend the downward trajectory it seemed to be headed on over concerns around Trump’s uncertain trade decisions.The market prices of the five coins he named – Bitcoin, Ethereum, XRP, Solana and Cardano – all swiftly jumped after the announcement....