Argentina's central bank allows a slight weakening of the peso
Argentina's central bank has allowed a slight weakening of the peso to 353 per dollar, reactivating its 'crawling peg' for the currency. The peso had been frozen at 350 per dollar since a primary election in mid-August, following a sharp devaluation. The decision to allow a modest depreciation is seen as an effort to adjust the currency's value gradually.
The peso opened down 1.4%
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