Argentina Leads Emerging Markets Downturn

MarketsETF Trends

This article was originally published on ETFTrends.com.

Several emerging market currencies fell sharply on Thursday after Argentina’s central bank raised interest rates to 60%, representing a 15% hike and the highest level of any nation’s central bank. This rate hike followed Wednesday’s plea by Argentine President Mauricio Macri, in which he publicly asked the IMF to accelerate the rollout of its $50 [...]

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