Explicit Argentine Peso devaluation in Q4-2023 – Wells Fargo Argentina Currencies Banks
Argentine Peso will be the worst performing emerging market currency in 2023
“In our view, a managed depreciation is likely up until the election; however, once presidential elections end in October, we believe an outsized and intentional Peso devaluation will materialize and the Argentine Peso will be the worst performing emerging market currency in 2023.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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