Argentine peso ends higher after central bank sells dollars
Share:
BUENOS AIRES (Reuters) - Argentina's promises to defend its beleaguered peso gained credibility on Tuesday after the central bank poured $112 million (£92.08 million) of its reserves into dollar auctions, helping to boost the currency about 0.5% a day after steep losses.In three interventions in the foreign exchange market, the bank acted in concert with statements from officials saying the government's top priority was to stabilize the peso after it lost 18% of its value against the U.S...