Argentina may widen peso’s trading band after elections’

17 OCTOBER 2025

Argentina will likely shift its foreign exchange policy to allow for a weaker peso after midterm elections, with analysts and investors warning that the current trading band is unsustainable and that U.S. support would only buy time for the beleaguered currency.
The U.S. has been buying pesos and is working on a debt facility for Argentina, contingent on a strong performance by President Javier Milei’s La Libertad Avanza party in the October 26 vote and a continuation of his policies of aggressive spending cuts, deregulation and free markets.
The Argentine central bank has kept the peso in a managed band since April 2025.