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@ Layer3.news
2025-02-28 14:36:44
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IN A BAD MONTH FOR BONDS AND STOCKS, THE MEXICAN PESO DOLLAR WAS THE ONE THAT PERFORMED BEST IN FEBRUARY
https://www.clarin.com/img/2024/05/17/CpAXIlT7s_2000x1500__1.jpg
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✍️ The Argentine financial market ended in the red in February, with the S&P Merval index falling over 15% in pesos and 17% in dollars, due to the government's scandal with the $LIBRA cryptocurrency and uncertainty over the future agreement with the IMF.
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👉 The S&P Merval index fell over 15% in pesos and 17% in dollars
👉 Many stocks experienced significant declines, with some losing over 20%
👉 The government's scandal with the $LIBRA cryptocurrency contributed to the negative sentiment
👉 Uncertainty over the future agreement with the IMF also contributed to the decline
👉 The only stock to close in the green was Mercado Libre, which rose 10% in Wall Street
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#BuenosAires #WallStreet #NuevaYork #business
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