Argentine peso slides, BCRA FX purchases slow sharply
Published 1 d ago2 sourcesEvidence: Reported
The Argentine peso continued its depreciation, with the wholesale exchange rate closing at 1,528 per USD after touching 1,530. The central bank (BCRA) purchased USD 61 million in intervention, yet international reserves fell by USD 59 million, indicating ongoing pressure on the currency and reserve depletion. Trading volume declined again, suggesting thin market conditions and persistent demand for dollars.
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