Wednesday, December 13, 2017

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Wednesday, Dec

Argentine peso breaks sharp slide after central bank intervenes

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By Reuters

Argentina's peso currency rose against the dollar on Monday for the first time in two weeks, after the central bank intervened in the foreign exchange markets on Friday to halt the peso's rapid decline to historic lows.

The peso rose 0.86 percent on Monday to 17.65 per dollar, its sharpest single-day gain since April, after touching a record low of 17.80 per dollar on Friday. The rebound came after the central bank sold... (Read More)

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