Economy and Business > Markets
The Uruguayan technology company said last week that it was not notified by any Argentine authority in connection with a foreign exchange investigation.
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May 30, 2023 at 12:18
The actions of the Uruguayan dLocal opened in green this Tuesday on the New York Stock Exchange, and at the beginning of the first session of the week, after the Monday holiday in the US.
The action began the trading day in US$ 11.71after ending Friday at US$ 11.41 and around this noon it was moving on the axis of US$ 12.15.
These titles came to fall last Friday to a floor of $9.04 from US$13.79, dAfter it became known that the Argentine government is carrying out an investigation on dLocal, for alleged fraud against the Argentine State, and is considering filing a complaint in the United States. Finally, the session ended at US$ 11.41 and the daily drop was 17.32%.
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The value of the share reached levels similar to those of November 2022, when the firm Muddy Waters Research published a harsh report accusing the technology of possible fraud and deception.
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