Investors confident Macri policies can overcome peso woes

Investors confident Macri policies can overcome peso woes

Corporate & Sovereign Strategy Debt Economy & Policy Argentina

Investors are confident macroeconomic policies under President Mauricio Macri will help Argentina overcome its current currency woes. Earlier this week, Argentina's peso slid roughly 7.4% to slightly less than ARS25 per dollar, and while there are some similarities between today's FX volatility and the 2001-2002 economic crisis, there are some significant differences. "Argentina is still a dynamic development story," one fixed income investor said. "It is a tug-of-war managing inflation, but t

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