Argentine Peso, Bonds Rebound After IMF Pledges ‘Full Support’
- Peso rallies; still closes week with loss of more than 16%
- IMF offering speeded-up loans in talks set to start Tuesday
A sign displaying U.S. dollar, euro, Brazilan real, and Chilean peso exchange rates hangs as people wait inside a currency exchange house in Buenos Aires, Argentina, on Thursday, Aug. 30, 2018.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
Argentina’s currency crisis eased on Friday as the peso rallied after the International Monetary Fund declared “full support” for a beleaguered government seeking to shore up public finances.
The peso gained 2 percent to 36.85 per dollar at the end of trading in Buenos Aires, and government bonds also pared declines.