“If at first you don’t succeed (in intervening in the FX markets)… give up.”
That appears to be the message as Luis Caputo was named central bank Governor after Federico Sturzenegger quit.
For now the peso pounding is taking a rest, as its rips higher at the open after Finance Minister Dujovne speaks at a press conference this morning where he says that Argentina regains confidence with Caputo at the BCRA.
We shall see…
via RSS https://ift.tt/2JLaa3f Tyler Durden