Tag: dollar demand

• Friday, September 14th 2018 - 09:28 UTC

  Argentine currency drops to a new record low of 39.90 pesos to the US dollar

  

  Argentina's peso currency fell 3.51% on Thursday to close at a new record low of 39.9 per U.S. dollar, as market confidence ebbs away despite President Mauricio Macri's efforts to reassure investors. Dollar demand had risen on Thursday due to high liquidity sparked by an auction of treasury notes, traders said.