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Excerpt from:  GFT Analysts in the News
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October 02, 2006

Argentina Currency Slowly Recovering

Long term currency rating up to B+, according to Standard & Poors
Argentina's economy is looking stable, and the currency is poised to improve in currency trading on the FX market. Forbes reports on Argentina's improved rating, and future forex trading prospects:

Credit analyst Joydeep Mukherji said: 'The upgrade on Argentina reflects improvement in the country's external liquidity, combined with a falling debt burden....'

The stable outlook is based on the expectation of favourable economic performance in 2006 and in 2007, with continued good GDP growth and fiscal and current account surpluses.
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Topic Tags:  Argentina currency, currency rating, currency trading, forex trading, FX market, South American currencies
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