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14

Argentina Got a $50 Billion Loan and Peso Is in Free Fall Anyway

By Tony Seruga

Argentine peso extends losses as central bank keeps mum
Macri may be challenged to reach IMF’s fiscal targets

Argentina is struggling to stop the peso’s plunge just a week after obtaining the biggest loan in the history of the International Monetary Fund.

Traders are desperate for policy makers to lay out a strategy to curb the volatility, and complain that all they’re getting in response is disjointed and unpredictable policy. The rout deepened Thursday as the currency tumbled more than 6 percent against the dollar to a record low, extending its decline since the end of April to almost 27 percent…

Argentina Got a $50 Billion Loan and Peso Is in Free Fall Anyway

Categories : Private Equity

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