Argentine peso devaluation

Fairly Wild Day after Fed Tightens

December 17, 2015

The Argentine peso dived about 30% to 13.95 per USD following the new Macri governments lifting of capital controls and withdrawal of intervention support. ¬†Officials reserve the right to intervene again in the future if deemed needed. The U.S. currency has advanced broadly and especially against commodity-sensitive currencies. ¬†The U.S. dollar rose 1.3%, 1.0% and […] More

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