Argentine peso on roller coaster after Macri defeat

World News: . []

Argentine peso on roller coaster after Macri defeatArgentina's peso slipped further against the dollar Tuesday while the stock market partially recovered as South America's third-largest economy continued to take a pummeling in the wake of pro-business President Mauricio Macri's crushing defeat in party primaries. The currency -- which plummeted 18.76 percent on Monday -- closed a further 1.77 percent down on Tuesday after the Central Bank had intervened to stave off bigger falls following losses of more than 3 percent by midday. The stock market rebounded 10 percent on Tuesday after having lost 38 percent in Monday's rout.

Read More: LINK 

Published: .

Search for other references to "argentine" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
Privacy Policy | Terms and Conditions | Contact Us