Argentine wholesale peso breaches $1500/USD, signaling official devaluation strategy shift

Argentina's wholesale dollar broke above the $1500/USD level that authorities had defended for weeks, trading around $1512. Analysts see this as a deliberate step in the official exchange-rate strategy to manage inflation, though the move reopens debate on policy credibility. The breach suggests a controlled depreciation rather than a disorderly jump, but uncertainty remains over the pace and endgame of the crawling peg.