Argentina rules out devaluation after black market rate fall
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BUENOS AIRES (Reuters) - Argentina on Thursday ruled out a sharp devaluation of the peso after a hefty fall in the black market rate in the past month on fears October's presidential vote will not herald more business-friendly policies.The peso tumbled more than 16 percent on the informal market to a nearly 10-month low of 15.12 per dollar on Tuesday from 12.63 on June 15. It has generally traded in a range of 12.5-12.7 during the previous two months, brokers said."Do not expect a devaluation," cabinet Read more [...]