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Argentina Says IMF to Allow Peso Intervention to Hold Within Nondisclosed Range

The International Monetary Fund will allow Argentina to intervene in currency markets if the peso drifts above or below a certain range, a key policy change as the $44 billion program faces rising uncertainty before October presidential elections.

JPMorgan (JPM) Notches Another NII Record and Lifts Full-Year Guidance

JPMorgan Chase & Co.’s revenue soared to a record in the second quarter, boosted by the Federal Reserve’s interest-rate hikes and its acquisition of First Republic Bank.

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