"The Only One Selling Dollars Is The Central Bank": Argentine Peso Crashes To New Record Low
Zero Hedge -

Despite the US dollar's demise today (after spiking on the Fed rate-hike), and the rebound in the broad Emerging Market FX markets, the Argentine Peso plummeted - after a hopeful start - to fresh record lows as The IMF's biggest bailout ever appears to be not enough to quell investor capital flight.

Early in the day, Argentina’s Finance Ministry announced that the Central Bank plans to sell $7.5 billion in the foreign exchange market to help stabilize the peso and support its budget. That...

Loading...

Related Articles