Arduous to evaluate, since we don’t know the way a lot was blown.
Information as of midday (CT) 17 Oct 2025.Up is a depreciation.
In opposition to a backdrop of Bessent arranging further $20bn personal funding (window dressing?), one needs to know the way a lot of the US ESF goes to vanish. Mark Sobel has some views on the attainable outcomes (and notes that the purported $20bn “swap” isn’t a swap within the generally understood parlance).
My final query: Is Bessent the one individual on this planet who thinks the peso is belowvalued?
CPI deflated actual worth of the commerce weighted Argentine peso; up is an appreciation. The peso has appreciated by 29% (log phrases) since January 2024. As WSJ famous, most personal sector economists view the peso as 20-35% overvalued.
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