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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

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  • chronic

    Two cents before three cents.

    Oct 05th, 2018 - 12:24 pm - Link - Report abuse 0

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