Argentine Central Bank Intervenes in Peso First Time Since Float
- Action signals willingness to support currency: PR Corredores
- Peso leads losses among emerging-market currencies in 2016
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Argentina’s central bank intervened in the currency market for the first time since controls were removed after the peso touched a record low.
The Argentine peso closed at 15.06 pesos per dollar after falling to an all-time low of 15.15 pesos per dollar earlier Thursday, according to prices from the MAE electronic trading platform. The central bank sold $41.3 million in the currency market, according to an e-mailed statement. With the slide, the peso has fallen 13 percent this year, the most among 24 emerging-market currencies tracked by Bloomberg.