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Uruguay’s Push to De-Dollarize Boosted by New Money Market Funds

Key Points

Investors in Uruguay are parking more of their wealth in peso-denominated money market funds and government bonds, adding momentum to the South American safe haven’s push to reduce its dependence on the dollar.

Investors in Uruguay are parking more of their wealth in peso-denominated money market funds and government bonds, adding momentum to the South American safe haven’s push to reduce its dependence on the dollar.
Uruguay (LOCATION) Push (PERSON) De-Dollarize (ORG) New Money Market Funds Investors (ORG) South American (ORG)
Originally published by Bloomberg Markets Read original →