Peso Heads Toward Longest Losing Streak Since Peg Busted: Argentina Credit Argentina’s peso posted its longest losing streak since the country abandoned the dollar peg in 2002 as President Cristina Fernandez de Kirchner seeks to help manufacturers compete against less expensive imports.
FACTBOX-Key political risks to watch in Argentina (Reuters) - Political tensions are bubbling up in Latin America's No. 3 economy as President Cristina Fernandez and her rivals grapple to seize the initiative ahead of next year's presidential election.
Default Risk Tumbles Most in World in Fernandez Economy: Argentina Credit Argentina’s bond risk is falling the fastest of any country as South America’s second-biggest economy heads toward its largest expansion since 1992, increasing the government’s ability to pay its debt.
The cost of protecting Argentine debt against non-payment for five years with credit-default swaps plunged 274 basis points, or 2.74 percentage points, to 854 from June 3 through last week, the biggest decline worldwide for the past three months, according to CMA DataVision.
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