Latam Insights — Argentine Peso Touches Historic Lows, Tether Dominated the Brazilian Market – Bitcoin News
August 14, 2023
The Argentine peso sank to historic lows this week, reaching an exchange rate of 605 pesos per U.S. dollar. Economic analysts linked this accelerated devaluation with the uncertainty surrounding the general ballotage held on Sunday, where Argentines elected their candidates for the next elections.
Mateo Reschini, a research analyst for Inviu, explained that big capitals preferred to secure their…