Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Argentina's Peso, Nothing But Trouble [Forbes]

UBS Group AG Registered Ordinary Shares (UBS) 
Company Research Source: Forbes
Argentina's Peso, Nothing But Trouble Getty This week, Argentina released its February inflation statistics. Inflation spiked, again. Indeed, the official annual inflation rate jumped to 51.3%/yr. While this spike caught most observers off balance, it didn’t surprise me. Each day, I accurately measure Argentina’s inflation using high-frequency data and Purchasing Power Parity theory. By my measure, Argentina’s annual inflation rate is 100%/yr (see the accompanying chart). That’s nearly double the official rate reported for the end of February. Prof. Steve H. Hanke In response to Argentina’s inflation surge, the Banco Central de la República Argentina (BCRA) did what all central banks with no credibility and junk currencies do. It jacked up interest rates in an attempt to keep the peso from plunging and generating more inflation. The lesson from this is clear: Argentina’s 22 As early as October 1991, while writing in the Wall Street Journal Many people asserted that the crux of the Arg Show less Read more
Impact Snapshot
Event Time:
UBS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for UBS alerts
Opt-in for
UBS alerts

from News Quantified
Opt-in for
UBS alerts

from News Quantified