Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Argentine Peso Collapses To New Low Despite Massive Intervention

Courtesy of ZeroHedge. View original post here.

Update: *ARGENTINE CENBANK SAID TO OFFER $5B IN PESO MARKET AT 25/USD

* * *

The Argentine Central Bank spent over $1 billion buying pesos on Friday (and another billion to buy short-term bonds back) to support the collapsing currency…

But… the weekend appears to have provided no confidence improvement for investors who are wary of this week's maturing bills and the potential delays of any IMF bailout…

Some investors are spooked by the fact that, as Bloomberg reports, members of the central bank’s monetary policy committee met with representatives of the nation’s top banks on Saturday to discuss the recent FX volatility and Tuesday’s note auction, according to two people with direct knowledge of the matter.

Furthermore, the central bank asked banks to guarantee branches have enough cash on hand.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!