Latin American (and global) currencies hit by strong dollar and Trump's policies

Wednesday, May 9th 2018 - 07:10 UTC

Full article 2 comments

The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply. Read full article

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Enrique Massot
Of course, Argentina has by far suffered the greater effects of the U.S. interest rates hike.

The economic measures taken by president Mauricio Macri in the last 30 months have made the country extremely vulnerable to events that it cannot control.

As a result, private investors have stopped lending dollars to Argentina, prompting the country to seek a line of credit from the IMF.

Some managers.
May 10th, 2018 - 12:35 am - Link - Report abuse 0
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:o))
The Bubble WILL burst - sooner OR later.
May 14th, 2018 - 06:40 pm - Link - Report abuse 0
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