Argentina is resisting a new devaluation of the peso

  After suffering a depreciation last Wednesday and Friday, the Government of this country is trying to maintain the price of the official dollar at no more than eight pesos, and the black dollar from 13 to 11.70. To stop inflation, the Central Bank was forced to sell...

The dollar in Argentina exceeds ten pesos

On Tuesday, the Argentina currency in the parallel market fell, reaching ten pesos per dollar. At the official exchange market, the peso fell by 0.10% to a historic low level of between 5.21 and 5.2125 per dollar. The local currency closed down 2.08%, between 10.4 and 10.8 per...

Major Central Banks will Inject Liquidity in Dollars

The European Central Bank (ECB), the U.S. Federal Reserve (Fed), the Bank of England, Bank of Japan and the Swiss National Bank announced new joint liquidity operations in U.S. dollars in order to inject liquidity into markets, as reported by the entities in a statement. Three...