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Argentina’s Currency Collapse

Last Wednesday (29th August) the Argentine peso lost over 7% against the US dollar. Thursday it lost another 12.5%. It’s been cut in half over the past year. In dollar terms, the MSCI Argentina index is down 57% since it’s January top. But it’s still not a bargain, given the high inflation rate and political uncertainties. Back in June 2017 – partly due to investors being enamoured with the government but also as a symptom of the global bond bubble – Argentina even managed to issue…
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