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Markets

Argentine peso closes down 1.4pc at 38.5 per dollar

Published Updated

BUENOS AIRES: Argentina's peso closed 1.4 percent weaker at 38.5 per dollar on Wednesday, traders said, citing lack of central bank intervention in the foreign exchange market to boost the currency.

The bank has regularly auctioned dollars to lift the peso, which started 2018 at 18.4 to the greenback but has lost more than half its value amid worries about the government's ability to close its fiscal gap.

Copyright Reuters, 2018
 

 

 

 

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