"Argentina’s central bank wants to license market makers to help stabilize its embattled peso currency". Nice goal but that goal is wrong. The goal of the Argentina Central Bank should be to stabilize and grow the economy. When the economy has been stabilized the Argentina’s currency will recover.
Argentina seeks market makers to help stabilize the peso: sources
Argentina’s central bank wants to license market makers to help stabilize its embattled peso currency when the Treasury starts newly announced dollar sales in April, two people with direct knowledge of the plans told Reuters on Friday. The bank hopes the market makers, dealers who agree to buy and sell at set prices, would bolster liquidity in the exchange market to help avoid the sharp gyrations the peso has suffered in recent weeks when it hit a record low of 42.5 pesos per dollar in thin trading. “We are going to take advantage of the existence of this market auction to promote the creation of market makers in the FX ... (full story)
- Posted: Mar 15, 2019 4:15pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 561