Macri says Argentina's currency crisis is over

People hold cutouts that look like light bulbs with signs that read in Spanish "no to the price hike" during a protest against the economic policies o

People hold cutouts that look like light bulbs with signs that read in Spanish "no to the price hike" during a protest against the economic policies o

A protester shouts slogans against the government of Argentina's President Mauricio Macri in Buenos Aires, Argentina, Wednesday, May 16, 2018. Unions

A protester shouts slogans against the government of Argentina's President Mauricio Macri in Buenos Aires, Argentina, Wednesday, May 16, 2018. Unions

Argentina's President Mauricio Macri speaks at a press conference in Buenos Aires, Argentina, Wednesday, May 16, 2018. Investors gave a vote of confid

Argentina's President Mauricio Macri speaks at a press conference in Buenos Aires, Argentina, Wednesday, May 16, 2018. Investors gave a vote of confid

Argentina's President Mauricio Macri speaks at a press conference in Buenos Aires, Argentina, Wednesday, May 16, 2018. Investors gave a vote of confid

Argentina's President Mauricio Macri speaks at a press conference in Buenos Aires, Argentina, Wednesday, May 16, 2018. Investors gave a vote of confid

Argentina's President Mauricio Macri walks from the presidential residence to attend a press conference in Buenos Aires, Argentina, Wednesday, May 16,

Argentina's President Mauricio Macri walks from the presidential residence to attend a press conference in Buenos Aires, Argentina, Wednesday, May 16,

BUENOS AIRES, Argentina (AP) — President Mauricio Macri says Argentina's currency crisis is over, speaking as the country's currency rebounded some and prices for its stocks and bonds rose.

Macri announced last week that Argentina was seeking a financing deal with the International Monetary Fund following a sharp drop in the peso.

Argentina was forced to impose recent interest rate hikes and to tighten the fiscal deficit target to try to halt the devaluation of its currency. The peso fell to a new all-time low of 25.30 to the U.S. dollar Monday.

But the peso rose at 24.8 per dollar Wednesday and Argentine stocks and bonds rose.

Macri said his government considers it has "overcome" the "turbulence" over the currency. He also said that he will demand "an intelligent" deal with the IMF.