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Dollar Surges Past 1500 Pesos in Argentina | Argentina News
The U.S. dollar surged to an all-time high in Argentina, closing at 1,512 pesos — breaking a government-imposed psychological barrier it had defended for weeks. After five straight days above the 1,500 peso mark and a 1.3% weekly climb, economists are split: some warn of worsening tension in September due to scarce pesos and falling agricultural exports, while others see signs of relief with booming export activity and truckloads heading to ports. The Treasury still holds tools to intervene, including futures market manipulation and cash flow control, giving it leverage to prevent major…
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