‘Argentina has made huge progress in a very short time,’ says Citi exec

Citi executive Sam Hewson returned to Argentina after an eight-year absence, impressed by the country's economic progress. During an interview with the Herald, Hewson highlighted the improvement in Argentina's trade balance, fiscal surplus, and stable exchange rate. He remarked that these developments have made Argentina more attractive to international investors.

Hewson also noted that clients are increasingly drawn to Latin American currencies, particularly those with strong carry trade signals and fiscal surpluses. The dollar's allure has diminished, with clients preferring to hedge risks through other high-yielding currencies such as the Colombian peso or Brazilian real. Hewson expressed optimism about Argentina's future, despite the potential for volatility during the upcoming elections.