Weekly Report - 13 November 2014 (WR-14-45)

When Alejandro Vanoli, the president of Argentina’s central bank, took over from Juan Carlos Fábrega, just under two months ago many analysts expected a devaluation of the peso, the second in a year. Instead, Vanoli tightened controls over the exchange market, and the peso has strengthened slightly against the US dollar. It remains to be seen, however, how long these gains can last.