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1.Market Observations, 8.Was Sticky

19 Dec 2015 (AFR) – Argentine peso plummets nearly 30pc after controls lifted

(19 December 2015, AFR, p13, by Hugh Bronstein)

‘Argentina’s peso plunged 29.8 per cent at the start of trade on Thursday, after the country’s new government floated the currency as part of a slew of free-market reforms aimed at revitalising the stagnant economy. It was the biggest one-day devaluation in decades and initial currency market action was heavy and volatile.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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