split, and Macris support is likely to fall further in the circumstances. Of course, the policy makers are between a rock and a hard place. But many are saying they can weather the storm as currency controls were ruining the country and getting rid of them can only make things better in the long run. A year ago, one US dollar bought.40 pesos. (I previously expected it to fall sharply, once the process of removing subsidies had been completed this year.
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Yesterday (Wednesday 29th August) the Argentine peso lost over 7 against the US dollar. A good trading platform will offer their traders up to date"s and charts in an organized and easy to use format. Speculators have clearly scented blood. This is reckoned to have knocked as much as s GDP, and reduced the inflow of much needed export dollars. Is that good value? Despite all of this, Cristina still has a strong, hard-core support base (as does Brazils ex-president Lula leading the Brazilian polls, although already in jail).
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