Argentina's Milei Signals Shift to Floating Exchange Rate Amid Economic Policy Changes

Argentina is poised to transition to a floating exchange rate, as indicated by President Javier Milei's deregulation czar, Federico Sturzenegger. This significant shift, which aims to stabilize the economy and attract foreign investment, is expected to occur soon, especially with an upcoming meeting with Donald Trump. The widening trading band suggests a move towards greater currency valuation flexibility, impacting both local and international markets.