Fund managers remain negative on Argentina, saying problems associated with the struggling economy a...
Fund managers remain negative on Argentina, saying problems associated with the struggling economy are being compounded by the devaluation of the Brazilian real, prospects of interest rate increases and uncertainty caused by the forthcoming presidential election. However, the general consensus is that Argentina's currency will remain pegged to the dollar despite previous talk of removing the Convertibility Plan. A conference last week hosted by Goldman Sachs in New York and attended by key Argentine leaders dealt with the financial and political situation of the country. According to the...
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