Argentinian Peso Plunges 30%, rush to safe havens Gold and Bitcoin

Argentina‘s peso currency plummeted before leveling off on Monday while stocks and bonds fell by a degree not seen in 18 years as voters signalled they could reject market-friendly President Mauricio Macri at an election in October and return the country to interventionist economics.   Gold prices rose to a record high of N$ (Argentinan Peso) 84,558 on Monday, as investors were spooked by the prospects of populist left-leaning Peronist administration in Buenos Aires, which favors greater state control of the economy and opposes a landmark trade deal with the…

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