Argentina’s August Trade Surplus Beats Forecast, Bolstering Peso Stability and Sovereign Debt Sentiment - VT Markets
Argentina’s August Trade Surplus Beats Forecast, Bolstering Peso Stability and Sovereign Debt Sentiment - VT Markets
Source: VT Markets
―
DW NOTE
Argentina ran a trade surplus in August. The peso has been stable since Milei dollarized expectations and slashed the fiscal deficit to zero. Sovereign spreads have compressed 600 basis points in eight months. The country is no longer a serial defaulter; it is simply a commodity exporter with a government that stopped spending money it didn't have.