The peso has slid about 6% over the past eight weeks, marking the biggest decline among emerging-market currencies in that span and wiping out much of its 2025 advance.
Investor risk aversion has intensified the move as policymakers in Buenos Aires loosen their grip on the volatile currency, allowing the selloff to gather pace.
The drop is the peso’s sharpest since the market turmoil ahead of Argentina’s midterm elections last October, underscoring how quickly political and policy shifts can hit local assets.