Tag: financial stability

• Wednesday, September 4th 2019 - 09:58 UTC

  Signs of budding of financial stability in Argentina: Peso stronger and country risk falls

  

  Argentina's peso surged on Tuesday, pumped up by Wall Street traders cheering President Mauricio Macri's capital controls that are aimed at protecting the beleaguered currency. The peso closed 5.39% higher at 55.98 per U.S. dollar, traders said, its strongest level in a week after a near-record low close on Friday.