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Currency Swings Ground Argentine and Brazilian Travelers

By Carolina Millan and Fabiola Moura, Bloomberg

Lauren M.  / Flickr

Destinations like South Beach, pictured here, have seen a decline in Argentine and Brazilian tourists this year. Lauren M. / Flickr

Skift Take: The Dow Jones took a nosedive this week which some economist attribute to rising U.S. interest rates. The fall in stocks likely means the Argentine and Brazilian currencies are in for more instability, and that portends storm clouds for long-haul travel.

— Dan Peltier

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