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Financial News: ARGENTINA: Dollar Falls After Central Bank Intervention An

ARGENTINA: Dollar Falls After Central Bank Intervention And Bond Reopening

05/15/2018 - 18:52:00 (RTTNews)

(RTTNews) - The U.S. dollar traded in Argentina fell 3.76% to 24.05 pesos, hit by central bank intervention and the unexpected government decision to reopen two peso-denominated bond emissions maturing in 2023 and 2026.

"After the announcement of the bond sales, banks, investors exporters and other market participants started selling dollars until the prices dropped to yesterday's reference price of 24,7683 pesos, but the greenback continued to lose strength and touched a 23,7500 pesos floor," said Fernando Izzo, from ABC Mercado de Cambio.

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