Argentina’s dollar-denominated bonds resumed their weekly fall with all restructured issues down over 1 cent in price, as investor concern lingers over the government’s decision to sell dollars and its effect on reserves accumulation.Bonds had weakened after the government announced over the weekend it would sell dollars to protect the peso even as the official exchange rate is tightly controlled in a crawling peg.
July 16, 2024
SOURCE: INVESTING
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Argentina’s USD bonds fall as investors worry about reserves buildup