Investors bet on Argentine peso devaluation after weekend elections
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مدعوم بالذكاء الاصطناعيInvestors are betting on a devaluation of the Argentine peso following the weekend elections, with forward contracts indicating a 12% decline in the currency's value. This comes despite a $40 billion US support package aimed at stabilizing the Argentine economy.
The potential devaluation of the Argentine peso could have a significant impact on the global currency markets, particularly in emerging markets. It may also lead to increased volatility in the US dollar and other major currencies.
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Forward contracts indicate a 12% decline for currency despite $40bn US support package
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