Tag: gerzstein

Argentina’s peso will weaken even further, BNP forecaster

Argentina’s peso, the world’s worst-performing currency against the dollar in nominal terms in both 2018 and 2019, has nowhere to go but down, according to Gabriel Gersztein, the Sao Paulo-based head of global emerging-markets strategy at BNP Paribas SA. He predicts the peso will reach 100 pesos per dollar by the end of 2020, a 40% decline from the official rate now.