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Argentina Eases Currency Controls in Bid to Boost Economy

Argentina said on Wednesday it was lifting its currency controls in a bid to normalize and boost Latin America's third-largest economy, adding it expected the peso to weaken to around 30.8 percent to the U.S. dollar. President Mauricio Macri, a free markets advocate who took office last week, has promised to loosen state controls on the economy and allow the peso to weaken in a bid to raise exports and spark growth. His finance minister, Alfonso Prat-Gay, held a news conference to...

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