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news Argentine peso drops, Chile peso is gaining; One Peso Blog
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Argentine peso drops, Chile peso is gaining

05/28/09 07:06

Argentina's peso had fell to it's lowest since October 2002. This is amid te speculations that central bank let this happen to gain revenue on export. Hector Blanco a currency trader based in Buenos Aires states that the Argentinian peso will continue to its weakening trend in a slow manner. He also added that a weakened peso would allow export to be more competitive and helps in government revenue. In Chile, The peso has reached its third weekly gain. More information on the link below.

Link: Argentine Peso Drops to 6-Year Low; Chile Peso Has Weekly Gain - Bloomberg.com

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