peso devaluacion

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Argentina’s Peso devaluation “bites the bullet” without a full set of teeth

NEW YORK | By JP Morgan’s Foreign Exchange team | A devaluation unanchored (at least so far) by a needed broader anti-inflation plan can only induce expectations of further devaluation in Argentina (if the government is effectively adopting a free-float) or a resumption of reserve loss (when and if the government intends to subsequently resume its Foreign Exchange intervention).