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Reuters

Reuters

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World

Argentina IMF deal advances fail to clear FX haze

Reuters
Summary
Nutrition label

80% Informative

Argentina is trying to rebuild investor confidence after years of overspending that left the grains producer locked out of global markets.

The South American nation is in advanced talks with the IMF over a new deal that could give the central bank a much-needed hard currency buffer.

But uncertainty over FX policy has spooked traders and led to a drain in already depleted reserves.

Market bets of a peso weakening since mid-March caused a $1.6 billion reserves drain.

VR Score

91

Informative language

97

Neutral language

59

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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