Argentine Peso Plunges on Black Market Amidst Economic Uncertainty; Euro Faces Sideways Consolidation; US Economy Shows Signs of Slowdown

Argentina's unofficial "dólar blue" exchange rate surged to $1230 ARS for selling and $1210 ARS for buying on February 25, 2025, widening the gap with the official rate of $1016 ARS and $976 ARS, respectively. This reflects ongoing economic tensions and financial uncertainty in the country. Simultaneously, the euro is experiencing sideways consolidation against the US dollar, with the EURUSD pair fluctuating between 1.0177 and 1.0533. Macroeconomic data released last Friday suggests a slowdown in the US economy, causing bond yields to decline despite high inflation expectations. The USDCHF remains above its support level at 0.8965, while the USDJPY has broken through 150.66, targeting December's low of 148.65. Commodity-linked currencies, such as the Aussie, have begun to recover, exceeding 0.63 and aiming for 0.65.