Argentina’s benchmark MERVAL index defied economic headwinds today, soaring 3.64% to close at 2,083,677 points. This robust rebound comes just one day after the International Monetary Fund (IMF) issued a stark warning about the country’s critically low foreign reserves, now estimated at negative $6 billion. While the IMF urged immediate currency flexibility and reduced exchange controls, investors instead cheered surging agricultural exports – particularly a stunning 46% jump in Argentine beef shipments to the United States.
MERVAL’s…
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