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Argentina’s “blue dollar” rate jumped 33.6% in August
Argentina’s “blue dollar” rate jumped 33.6% in August, ending at 735 pesos per unit. This increase happened after the country’s primary elections. The rate rose by 185 pesos from the start of the month and 130 pesos since the elections. After the elections, Argentina’s Central Bank devalued the official dollar by 22%. This made the […]
Eurozone Industrial Production Rebounds: A Mixed Economic Signal
The Eurozone’s industrial sector showed unexpected strength in August 2024. Production rose by 1.8% compared to July, reversing the previous month’s 0.5% decline. This growth surpassed expectations and offered a glimmer of hope for the region’s economy. Across sectors, performance varied significantly. Capital goods led with a 3.7% increase, followed by durable consumer goods at […]