Argentina's dollar jumps more than 5% in June as peso hits weakest since October
After holding flat for most of the year, Argentina's peso hit its weakest level against the dollar since October 2025, as the greenback jumped more than 5% in June. Dividend payments abroad and a stronger global dollar drove the move.
After holding almost flat for most of the year, Argentina's peso slid to its weakest level against the dollar since October 2025, with the greenback jumping more than 5% during June. The move drew fresh attention to an exchange rate that is closely watched across the country.
According to the Buenos Aires Herald, the main drivers were dividend payments sent abroad by companies and a broadly stronger global dollar. The increase in demand for foreign currency continues to test the government's efforts to preserve price stability.
The dollar remains a sensitive gauge for households and markets alike in Argentina, which is battling high inflation. Analysts said seasonal demand for foreign currency and any central bank intervention will shape the exchange rate in the weeks ahead.
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