Argentine Stock Market Plummets Almost 12 Percent While Dollar Controls Hit Home

The peso continues to recover against the dollar after the government imposed severe restrictions on trading with the US currency.

RIO DE JANEIRO, BRAZIL - With the return of the Americans from their Labor Day holiday, the Argentine stock market again fell on Tuesday, September 3rd. The Merval index retreated 11.90 percent and dropped to its worst level in two years.

On Monday, September 2nd, the index climbed 6.45 percent in a mostly domestic trend, as Wall Street was closed due to the US holiday.

The peso, on the other hand, continues to rebound against . . .

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