Don't cry for me Argentina

in #forex6 years ago (edited)

Emerging markets were the theme of the day, with Argentina's economic woes coming to the fore again.

  • Argentina’s central bank at an emergency meeting on Thursday voted unanimously to raise its benchmark rate to 60 percent... from 45 percent!
  • Obviously did nothing to halt the Peso's slide.
  • Has become the world's worst performing currency on the year.
  • When you're doing worse than the Turkish Lira, you know you're in trouble!

This is why Bitcoin will always have value.

Best of probabilities to you.



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