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
