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What is Argentine Peso Plummets Amid Market Fears about?

The Argentine peso suffered its biggest one-day fall since 2002 against the US dollar after the central bank withdrew support for the currency in an effort to preserve dwindling foreign exchange reserves. The peso plunged around 15% and volatility in the currency market made its true value difficult to determine. Risk aversion grew in global markets as well, with US stock indexes falling and volatility indicators rising. Argentina

Author

luckyboy77

Language

EN