Argentina Peso Plunges to Record Low After Asking IMF for $50 Billion
Mike Mish Shedlock
Argentina's President Mauricio Macri asked the IMF to speed up $50 billion bailout, spooking investors. The Peso Fell to a Record Low.
Argentina hiked its interest rate to 45% earlier this month but it did not stop the damage.
Mike "Mish" Shedlock