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#Argentina’s peso devalued strongly today touching 28 pesos to the dollar, a record rate. According to @LANACION’s Carlos Pagni, this is a sign that the #IMF loan has “no despejó la desconfianza en la política económica.”https://www.lanacion.com.ar/2143710-el-dolar-jefe-de-la-campana-del-peronismo …
Today's 7% depreciation brings the peso's total loss this year to 50%, but even so, #Argentina's $50 billion #IMF deal gives @BancoCentral_AR "almost no room for exchange rate intervention," according to an Itaú research note.
#BREAKING
A major shakeup inside the government with Luis Caputo replacing Federico Sturzenegger as head of the @BancoCentral_AR. This comes on the heels of today's large peso devaluation.
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