Since President Kirchner unleashed her 'cramdown' plan for Argentinian debt [2], the Peso has collapsed at the fastest pace since January's devaluation. The 'official' Peso prices has collapsed 1.3% in the last 2 day to 8.39 per USD - and Argentina's debt yields have surged (prices tumbled) but the black-market Blue-Dolar price has exploded to an all-time low at 13.8 per USD, implying massive devaluation is coming.
The official Peso rate just hit record lows and is accelerating rapidly...
[3]
The Dolar-Blue has imploded at 13.8 - record lows...
[4]
and bonds are starting to reflect devaluation fears...
[5]
Charts: Bloomberg
