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KOREA RATES

10-Year Auction Results

IDR

Rupiah Slips In Muted Trade

PHP

Peso Loses Some Altitude

KRW

Coronavirus Cases Drop To Two-Month Low

ARGENTINA
ARGENTINA: USDARS pretty stable on the open, with most of the focus on IMF
disbursement timing and of course the Election with the next set of vote due on
the 27th October and for the winner to take office on the 10th December.
The last $5.4 billion of a massive loan to Argentina that was originally planned
for mid-September has still not been released.
Talks about the overall $57 billion loan will continue when Argentine
authorities attend the Fund's fall meeting next month in Washington.
Argentina's stocks and currency have plummeted since left-leaning Alberto
Fernandez won a 15-point lead over Macri in August primaries.
Lacunza (Fin min) imposed restrictions on access to dollars as a response to a
rapid loss of foreign reserves and an accelerating devaluation of the peso.