US inflation falls 0.1% in June from prior month
US inflation cools again, potentially paving way for Fed to cut interest rates soon
dollar
![US inflation falls 0.1% in June from prior month]()
Argentina imposes currency controls to support economy
Argentina has imposed currency controls in an attempt to stabilise markets as the country faces a deepening financial crisis.
![Argentina Imposes Capital Controls as Reserves Drain Away]()
Argentina to tax grain exports, slash ministries to balance budget
President Mauricio Macri is seeking a deal with the IMF to accelerate a $50 billion loan program.
The new austerity measures, announced Monday, were prompted by a 16 percent slide in the value of the peso last week, bringing the local currency's losses to almost 50 percent against the dollar so far this year.![Mauricio Macri announced a reduction of his Cabinet and the reinstatement of the withholdings on exports]()
Argentina's central bank hikes rates to 60% as the currency collapses
Argentina's central bank yanked its benchmark interest rate up to a dizzying 60 per cent in a bid to control rampant inflation as the country's currency plummeted 15.8 per cent to a record low 40.5 pesos per US dollar.
![The Argentine peso crashed to record lows on the news. It saw steep losses in the previous session and collapsed another 15 percent to hit 40 pesos against the U.S. dollar on Thursday morning.]()
