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Peso Heads Toward Longest Losing Streak Since Peg Busted: Argentina Credit
Bloomberg
August 30, 2010

By Drew Benson and Ben Bain

Argentina's peso is posting its longest losing streak since the country abandoned the dollar peg in 2002 as President Cristina Fernandez de Kirchner seeks to help manufacturers compete against less expensive imports.
The peso is poised to fall for the eighth straight month, declining 0.2 percent to 3.9493 per dollar in August, for its longest slide since the end of the peg in January 2002 prompted a six-month plunge.

For the full text of the article, visit http://www.bloomberg.com/news/2010-08-31/peso-heads-toward-longest-losing-streak-since-peg-busted-argentina-credit.html

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