Argentine Peso slips on Thursday on prospects of higher US interest rates

Friday, October 5th 2018 - 08:36 UTC

Full article 1 comment

Argentina’s Peso fell on Thursday, pressured by the recession-hit country’s dismal inflation outlook and higher U.S. interest rates that have pushed capital away from riskier emerging markets and toward the greenback, local traders said. The peso shed 1.85% to close at 38.4 per dollar after having gained 9.58% over the previous three days under a freshly-renegotiated International Monetary Fund financing deal that calls for tougher fiscal and monetary policy measures. Read full article

Comments

Disclaimer & comment rules

chronic
Two cents before three cents.
Oct 05th, 2018 - 12:24 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!