Investors in Argentina are starting to brace for a 20% peso devaluation after the country’s Aug. 13 primary election
are starting to brace for a 20% currency devaluation after the country’s Aug. 13 primary election, the first time they have converged around the timing of a long-expected policy change.
Futures currency contracts in the local market were pricing the peso at 329 per dollar by the end of August earlier this week, compared with an official rate of 277 per dollar. Pricing has since rebounded as the central bank stepped in. Yields on local peso bonds tied to the exchange rate have also dropped as investor demand for such assets grows to shield portfolios from losses.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
34th annual Long Beach Jazz Festival returns this weekendThe festival runs from Friday, Aug. 11, to Sunday, Aug. 13.
Baca lebih lajut »
Silver Price Analysis: XAG/USD’s advance halts and finds support at the 20-day SMAOn Tuesday, the XAG/USD Silver spot price significantly dropped, mainly due to the USD strength. Attention is on labour market data released as invest
Baca lebih lajut »
Arista Networks shares rise more than 20% on better-than-expected earningsThe networking company reported earnings after the bell and guided towards another strong quarter.
Baca lebih lajut »
Flooding around Beijing kills at least 20The severity of the flooding took the Chinese capital by surprise. Beijing usually has dry summers but had a stretch of record-breaking heat this year.
Baca lebih lajut »
Here's Who 20 Actors From 'Barbie' Are Dating Or Married To In Real LifeNo offense, but Dua Lipa majorly upgraded from that Hadid boy-man.
Baca lebih lajut »