(Bloomberg) -- Argentina's peso was little changed
after falling to an almost two-month low yesterday as
uncertainty over the impact of U.S. subprime mortgages damps
emerging markets.
``We'll continue to see some mild volatility with the peso
over the subprime mortgages,'' said Guillermo Estebanez, a
currency strategist at Banc of America Securities LLC in San
Francisco. ``The market has become more comfortable with the
subprime issue, but the problem is still there and it will
recur.''
Read more at Bloomberg Currencies News
after falling to an almost two-month low yesterday as
uncertainty over the impact of U.S. subprime mortgages damps
emerging markets.
``We'll continue to see some mild volatility with the peso
over the subprime mortgages,'' said Guillermo Estebanez, a
currency strategist at Banc of America Securities LLC in San
Francisco. ``The market has become more comfortable with the
subprime issue, but the problem is still there and it will
recur.''
Read more at Bloomberg Currencies News
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