One of the biggest problems Argentine President Javier Milei has as he tries to stem a currency crisis is that the peso, by nearly all accounts, is overvalued. Barclays Plc says the real effective exchange rate should be as much as 30% weaker to stimulate the economy. StoneX and local broker One618 say the peso’s excess valuation is closer to 20%. Many other investors and analysts consulted by Bloomberg didn’t want to offer a precise estimate, but they agree that, to one degree or another, the peso needs to ...

go uh and in this case whether they have to use it or not will be a question for tomorrow Melissa. >> Yeah. Um Aean thank you Aean Javvers.It wasn't just the Murval by the way the peso surged also on this notion that there is a US government backs stop now for Argentinian assets emerging market specialists. >> Well and if it was 25 years ago when I started really getting my teeth uh cut in emerging markets it you know this kind of a headline would have meant 40% in Argentina. An IMF trot meant everything.It ...