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Argentina Remains In Spotlight, Peru & Colombia Growth Data

LATAM
  • ARGENTINA: Markets in Argentina reeled on Monday following the shock victory of Javier Milei, a radical libertarian economist, in the country’s primary poll ahead of its presidential election later this year. The central bank devalued the peso's official exchange rate which fell over 20% to about 350 and hiked the benchmark rate to 118%.
  • LATAM DATA: Data on Tuesday includes unemployment and economic activity for Peru, as well as trade and GDP data in Colombia. Colombia will also release the results from the latest Central Bank economist survey. Argentina will report inflation numbers for July. Uruguay publishes its rate decision and Paraguay’s Santiago Peña is sworn-in as president for a five-year term. Focus ahead in the US turns to July retail sales and Empire manufacturing releases.

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