Second, “more difficult” devaluation ahead for Argentina, says CS analyst

Second, “more difficult” devaluation ahead for Argentina, says CS analyst

Funds

Argentina is ripe for another devaluation before the end of 2014, which could further dent the country’s credibility, Credit Suisse analyst Casey Reckman said on Friday. Argentina devalued the peso in a surprise move in January, a decision that jolted bond investors. “I’m very concerned that later in the year we’re going to see the same kind of pressures that we were seeing in January and in our forecast that we are working on we assume another devaluation before the end of the year," Reckman to

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