Luis Caputo, president of Argentina Central Bank, resigns

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Title : Luis Caputo, president of Argentina Central Bank, resigns
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Luis Caputo, president of Argentina Central Bank, resigns

From out of the blue and for "personal reasons", Luis Caputo has just announced his resignation as president of the Argentina Central Bank (BCRA). Not only is the substance surprising, but the style too because the announcement came...
  • literally minutes before the market opened
  • on the day Argentina sees a high-profile national strike protesting its government's policies that has brought the country to a standstill 
  • while President Mauricio Macri is in New York at the UN Assembly

Then again, weird crap is the norm for the basket case country. The Argentina Peso dumped 3.2% at the open on this news.



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