Argentina peso tumbled by 4.2% in the parallel exchange market on Tuesday, the most this year, due to surging inflation in March and uncertainty over the nation’s USD 44 billion program with the IMF. The rate, known as the blue-chip swap, fell for the fifth consecutive day, reaching a record 425 pesos per USD. Notably, dollar futures implied a potential 115% annualized drop of the peso by the end of June, up 15 pp from the previous day.