Macroeconomic Forecast Argentina

June 2008 | Macroeconomic Forecasts

The Argentine peso posted its largest monthly gain since 2003 in May, appreciating by 3.5% against the dollar to its current level of ARS3.0680/US$. While we have been more upbeat than consensus with respect to the peso, the break through ARS3.1200/US$ surprised even us.

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