728x90 AdSpace

Latest News
May 14, 2018

Argentina Central Bank Fails to Halt Peso Collapse to New Low


The Argentine Central Bank spent over $1 billion buying pesos on Friday (and another billion to buy short-term bonds back) to support the collapsing currency...

But... the weekend appears to have provided no confidence improvement for investors who are wary of this week's maturing bills and the potential delays of any IMF bailout...


Some investors are spooked by the fact that, as Bloomberg reports, members of the central bank’s monetary policy committee met with representatives of the nation’s top banks on Saturday to discuss the recent FX volatility and Tuesday’s note auction, according to two people with direct knowledge of the matter.

Courtesy of Tyler Durden, Founder of Zero Hedge 
The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

© EconMatters.com All Rights Reserved | Facebook | Twitter | YouTube | Email Digest


  • Blogger Comments
  • Facebook Comments
Item Reviewed: Argentina Central Bank Fails to Halt Peso Collapse to New Low Rating: 5 Reviewed By: Econ Matters