Latin American Currencies Plunge To 2003 Lows, Argentine BONARs Shrink

With today's plunge, Latin American currencies have collapsed by over 5% in th elast 2 weeks - the fastest drop in almost two years. Year-over-year this is a 15.75% drop, the largest such drop since Lehman. This drop breaks the 2009 lows and presses the currencies to their weakest since 2003... Bond markets are being crushed as short-dated Argentine BONARs have collapsed to 14 month lows.

LatAm FX at 11 year lows...

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Argentina BONAR have seen firmer days.

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Chart: Bloomberg