In Argentina: ‘Emergency’

In Argentina: ‘Emergency’

On Sunday evening, we noted that Argentina will spend the next couple of days trying to figure out how to restore confidence after President Mauricio Macri accidentally triggered a fresh leg lower for the peso with an epic communications kerfuffle last week. The currency (which went into free fall earlier this year), dove more than 7% last Wednesday when Macri suggested IMF disbursements need to be accelerated. He should have known better. Obviously, the best way to shore up confidence during a
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