Argentine central bank says sells $261 million in forex market
Buenos Aires - The peso fell 0.58 percent on Tuesday to 39.80 per dollar.
The central bank has spent more than $15.6 billion this year in interventions aimed at bolstering the currency, according to official data.
The peso has nonetheless lost more than 53 percent of its value against the greenback as investors grew concerned about Argentina’s ability to pay its debts and as higher U.S. interest rates siphoned investment off from emerging markets worldwide.
Reporting by Walter Bianchi; Writing by Hugh Bronstein; Editing by Tom Brown