Argentine markets on Thursday bucked a dismal three-day losing streak on signs o...
BUENOS AIRES - Argentine markets on Thursday bucked a dismal three-day losing streak on signs of political compromise to tackle a dizzying economic crisis and a new central bank measure to prop up a currency that had lost around a quarter of its value.
The result prompted fears of a return to protectionist policies and the end of free-market economic reforms should Fernandez triumph in October’s election, as now seems likely. The plan would unleash liquidity into the market without the central bank having to tap its reserves in dollar auctions, a source with knowledge of the plan said. The source added it was likely banks had already started selling dollars to comply.
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