Argentina's peso touched a six-month low
on Wednesday, and most other most Latin American currencies
continued a coronavirus-fueled slide as the outbreak spread to
As Argentina returned from an extended weekend, the peso
fell 0.4% to 62.09 to the dollar, while the Merval stock
index plummeted as much as 6.6% as they caught up with
the rout across global markets this week.
Mexico's peso looked to extend losses to a sixth
Argentine beef exports to
its top buyer China fell almost a third in January due to a
price dispute with Chinese importers and the effects of a
coronavirus outbreak, the head of the South American country's
meat export chamber told Reuters.
U.S. Treasury Secretary Steven Mnuchin on Sunday welcomed Argentina's talks with the International Monetary Fund after the heavily indebted Latin American country said it would launch consultations that could lead to a new funding program.
Argentina on Saturday agreed to start consultations with the International Monetary Fund that could lead to a new financing program, days after the global lender said the country's debt situation had become "unsustainable".
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