The Argentine peso fell sharply amid heightened political risk, as higher inflation and a protracted recession boost the popularity of Cristina Kirchner ahead of elections in October.
On April 25, the currency declined by 2.5% and closed at 43.9 against the US dollar. In 2019 so far, it has lost 16.3% of its value against the greenback. This is hampering the efforts of the Argentine authorities to tame inflation.
On April 16, official data said inflation had sharply increased in March. Month