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Argentine peso breaks through trading band upper limit for the first time, but central bank denies it; Milei administration’s foreign exchange strategy faces a test

Argentine peso breaks through trading band upper limit for the first time, but central bank denies it; Milei administration’s foreign exchange strategy faces a test

``` On Wednesday the 17th local time, the Argentine peso exchange rate broke through the upper limit of the government-set trading band for the first time, forcing the central bank to intervene using foreign reserves. This marks a setback for Argentine President Milei’s policies to control inflation and stabilize the
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