(Bloomberg) -- Argentina's peso traded lower, near
a two-month low, 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
a two-month low, 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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