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Javier Milei, Argentina's president, faces mounting pressure as geopolitical tensions between the United States and China threaten the country's delicate economy.Argentina's reliance on a $38 billion swap line with China and its pursuit of a $20 billion IMF bailout have actually placed it at the center of a global power struggle. The unfolding economic d
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Read more: Argentina's $38 Billion Gamble: Milei Navigates US-China Rivalry Amid Economic Crisis
Write comment (94 Comments)The Chilean peso continues its steep decline against the US dollar. The USD/CLP pair currently trades at 999.22 as of this morning, marking a 0.14% increase from yesterday’s close.
The currency pair has moved within a narrow band today, reaching a high of 999.27 and a low of 997.73. This tight range suggests traders are cautiously watching the
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Read more: Chilean Peso Nears Historic 1,000 Mark Against Dollar in Sustained Decline
Write comment (98 Comments)Argentina's currency markets are under intense examination as the peso continues to weaken against the dollar. The official currency exchange rate stands at 1,075 ARS/USD, while the blue dollar, an informal rate used in black market transactions, surged to 1,276 ARS/USD this morning.This marks a 1.12% boost yesterday after a sharp 2.75% rise the day
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Read more: Argentina's Peso Faces Mounting Pressure Amid Blue Dollar Surge
Write comment (94 Comments)The USD/COP exchange rate is trading at 4,421.5 as of this morning (April 9, 2025), continuing its sharp upward trajectory that began late last week.
This represents a significant depreciation of the Colombian peso against the US dollar, with the currency pair hitting levels not seen since January 2025. The current mid-market exchange rate stands
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Read more: Market Turbulence: Colombian Peso Falls Victim to Global Risk-Off Sentiment
Write comment (98 Comments)As of 07:10 UTC today, the USD/MXN is trading at 20.87239, showing a minimal decrease of -0.00616 (-0.03%) from yesterday’s close.
The trading session opened at 20.87855, with the exchange rate fluctuating between a high of 20.88335 and a low of 20.81107 so far this morning. This represents relatively stable conditions in early trading, despite
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Read more: Mexican Peso Holds Steady at 20.87 After Week of Volatility: April 9 Market Analysis
Write comment (92 Comments)Copper rates continue to struggle in the middle of intensifying worldwide trade tensions, with COMEX futures currently trading at $4.17630 per pound, down slightly by 0.03% from the other day's close.The metal has entered bear market territory, having actually fallen around 20% from its record high of $5.28 per pound reached on March 26. Asian markets saw minimal copper
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Read more: Copper in Crisis: Trade War Sends Metal into Bearish Market Territory
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