Argentina gov't moves to calm FX market, pledges no post-election devaluation
Argentina's government intervened in the foreign exchange market on Thursday to tamp down volatility ahead of the country's general elections on Sunday, while officials said there would be no sharp currency devaluation after the vote. In the black market, where dollars sell for almost three times the official rate, trading was almost absent amid a government crackdown, with bids of 900-1,010 pesos per dollar but no confirmed transactions, traders said. "The range of prices is enormous with lots of fear about the government's drive to stop illegal operations and the closur...