peso

Argentine Peso May Slide to 3.8 per Dollar

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Bloomberg is reporting that Argentina may ease its defense of the peso, and take a one time devaluation to $3.80 per dollar from $3.208 today. (It’s already slid 5 percent since August 1.) They had originally predicted that the government may simply let it fall through gradual depreciation, but the new measure may come up as a … Read more

Argentine Peso Dives to 5-1/2-yr Low

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Reuters is reporting that the Argentine peso has shrunk to its lowest level against the dollar in 5 1/2 years.  The peso slid 2.39 percent to 3.315/3.320 per U.S. dollar, its lowest point since January 2003. The peso has slid 4.65% this year so far. So, the American economy tanks and the dollar gets stronger. … Read more