MilHojas
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Argentine Bonds, Peso Tumble as Wall Street Gets a Reality Check
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carride
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Same yet paywall free at Bloomberg Canada
www.bnnbloomberg.ca
The peso, meanwhile, has been hit in the parallel market by a slowdown in dollar purchases from the central bank. Monetary authorities have gone from an average of buying $150 million in the FX market per day from May 13 to 17 to an average of $37.5 million per day in the five business days ending on June 4, according to estimates from BancTrust & Co. Strategists Ramiro Blazquez and Federico Cuba.
Argentine Bonds, Peso Tumble as Wall Street Gets a Reality Check - BNN Bloomberg
Argentine assets are sliding as lawmakers kick back against President Javier Milei’s package of pro-market reforms designed to drag the serial-defaulter out of its deepening economic crisis.
www.bnnbloomberg.ca
The peso, meanwhile, has been hit in the parallel market by a slowdown in dollar purchases from the central bank. Monetary authorities have gone from an average of buying $150 million in the FX market per day from May 13 to 17 to an average of $37.5 million per day in the five business days ending on June 4, according to estimates from BancTrust & Co. Strategists Ramiro Blazquez and Federico Cuba.
