The peso’s downfall could just be getting started
The calm that kept the dollar dormant until just a couple of weeks ago seems to be over. During 2019, the American currency appreciated against the Argentine Peso by over 16.5%, with a very strong rally in the last few days stoking fears of a currency crisis that could grow fast.
The sleeping beast seems to have awoken.
The reasons behind the rise of the dollar are widely known, but it is important to take a closer look at some of them to understand how things could play out.