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Argentina August CPI due Thursday; govt targets sub-1.5% print
BAE Negocios·AR·2 days ago
Argentina's wholesale dollar fell $4.50 to close at $1,508.50, its largest daily drop in nearly a month, with futures following. The 1.7% IPC (inflation) defined the October crawling-peg band, and the Treasury rolled over $8.1 trillion in debt without paying a premium. The move suggests easing pressure on the peso and improved market confidence, though the sustainability of the trend depends on inflation dynamics and fiscal credibility.