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BUENOS AIRES (Reuters) – An exhausted Argentine peso has recovered some of its losses in recent days, rising more than 5% in early trading on Thursday after losing nearly a quarter of its value as a result 39, a surprise election that plunged the country into a new economic chaos. .
The peso began to collapse after center-left presidential candidate Alberto Fernandez defeated center-right president Mauricio Macri in Sunday's election.
But the peso seems to have reached a milestone on Thursday, reversing three painful defeats and climbing from 5.61% to 57% against the US dollar, explained the gains attributed to the purchase of currency by investors, which became cheap .
The peso closed Wednesday with a 7.14% drop to $ 60.2.
Macri announced Wednesday a series of tax cuts for low-income workers and a set of social measures, in an embarrbading change in favor of a president who took office in 2015 promising to reduce public subsidies and correct what he called years of mismanagement of the left.
(Reuters)
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