The Traderszone Network

Published in TZ Latest News 21 August, 2014 by The TZ Newswire Staff

Argentina Peso Collapses At Fastest Pace In 8 Months, Hits Record Low

Since President Kirchner unleashed her ‘cramdown’ plan for Argentinian debt, the Peso has collapsed at the fastest pace since January’s devaluation. The ‘official’ Peso prices has collapsed 1.3% in the last 2 day to 8.39 per USD – and Argentina’s debt yields have surged (prices tumbled) but the black-market Blue-Dolar price has exploded to an all-time low at 13.8 per USD, implying massive devaluation is coming.

 

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