May 16, 2018 |
Investors are confident macroeconomic policies under President Mauricio Macri will help Argentina overcome its current currency woes.
Earlier this week, Argentina's peso slid roughly 7.4% to slightly less than ARS25 per dollar, and while there are some similarities between today's FX volatility and the 2001-2002 economic crisis, there are some significant differences.
"Argentina is still a dynamic development story," one fixed income investor said. "It is a tug-of-war managing inflation, but the
While there are some similarities between today and Argentina's 2001 crisis, a floating currency should avoid a banking, economic depression