View full page at forexfactory.com

 

Argentina Central Bank to Use 'Full Force' to Tame FX Markets, Source Says

From money.usnews.com

Argentina's central bank will use its "full force" to rationalize runaway demand for dollars and tame the country's volatile parallel foreign exchange markets, which have heated up due to tough capital controls, a bank source told Reuters on Monday. Earlier this month the bank tightened rules on companies accessing dollars in alternative foreign exchange markets, part of a bid to limit parallel trades where individuals and firms pay a steep premium for hard currency. The bank source, declining to be named, told Reuters the bank would wait and see how effective the measures it had taken were before deciding if more ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis