ARGENTINA

Pre-Election Jitters Send Argentine Peso To New Lows

The dollar has long been a safe haven from the peso, with citizens buying the currency whenever they can, as a form of savings and protection from their currency's volatility
The US dollar broke through the symbolic 1,000 peso mark on Argentina's parallel market on Tuesday, as citizens scramble to dump the currency two weeks before a presidential election, according to websites tracking the rate.
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The facade of Argentina's Central Bank is pictured in the financial district of Buenos Aires

IMF Lowers Bar On Expectations For Argentina's FX Reserves

The International Monetary Fund (IMF) executive board approved changes to Argentina's reserves accumulation target set in their $44 billion program, as the agriculture powerhouse faces a severe drought seen pummeling both exports and economic growth.

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