BUENOS AIRES—Argentina’s central bank spent about $115 million on Tuesday to keep the peso steady against the U.S. dollar, said a person familiar with the matter, a day after the Kirchner administration loosened currency-purchase rules in hopes of cooling black-market dollar demand.
The peso closed unchanged at 8.01 per dollar on the regulated MAE wholesale currency market Tuesday after the central bank let the currency slide 15% last…
Read more: Argentina Spends $115 Million to Steady Peso
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