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Argentina in trouble again, issues currency controls as Debt Crisis spirals
Argentina’s embattled government has imposed currency controls intended to rein in a financial crisis that has damaged the country’s standing with investors, taken a bite out of its reserves and driven more people to an economic precipice.
Companies now need to get permission from the Central Bank of Argentina to buy foreign currency or precious metals, and to transfer that money abroad....
Peso Tumbles After Mexican President Says He Rejects Trump’s Border Wall
The Peso took a tumble Thursday after Mexican President Enrique Peña Nieto announced he would not cooperate with US President Donald Trump’s construction of a wall between the two nations.
“The peso is down by 1.2% at 21.3175 per dollar as of 11:57 a.m. ET,” reports Business Insider.
“The currency was up as much as 0.8% at 20.9358 per dollar around 8:50 a.m. ET.”
The dip ends a rally for...