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Goldman Sachs' Alberto Ramos said Argentina's $1 billion bond buyback is unlikely to halt the rise of the parallel dollar or win market confidence. He argued that large fiscal deficits, weak policy credibility and high inflation are the underlying causes.
The analysis reinforces expectations of continued peso weakness and capital-market stress in Argentina, a macro backdrop for South American export competitiveness.
bloomberglinea.comFrancisco Aldaya (ENJan 20, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
