Argentina's peso weaker after government postpones short-term debt payments, economic bill moves to Senate

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Argentina's peso weaker after government postpones short-term debt payments, economic bill moves to Senate
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Argentina creates external debt unit, economy bill moves to Senate

BUENOS AIRES - Argentina’s peso currency was slightly weaker on Friday, traders said, after the government said it would postpone payments on some short-term debt notes and as a sweeping bill of economic measures was expected to pass in the Senate.

Argentine dollar-denominated bonds were unchanged to down a point across the curve, with the benchmark January 2028 bond 040114HQ6=down 0.75 point to 43 cents according to Refinitiv data. “The government has merely kicked the can down the road and maturity extensions alone will not be enough to resolve the debt problem. We think that it will have to pursue a large debt write-down next year,” Sanghani said.

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