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View Full Version : Argentine Peso Forwards Tumble as Parallel Rate Gap Widens - Bloomberg



NewsWhore
05-21-2012, 05:10 PM
Argentine Peso Forwards Tumble as Parallel Rate Gap Widens (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHNi8Hfg8qvsSj1dRvP6-pgbIb8Jg&url=http://www.bloomberg.com/news/2012-05-21/argentine-peso-forwards-tumble-as-parallel-rate-gap-widens-1-.html)
Bloomberg
Investors are speculating that President Cristina Fernandez de Kirchner may devalue the currency to bolster the competiveness of Argentine exports. The peso has weakened 8.5 percent in the past 12 months in the spot market to 4.4637 per US dollar as ...

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