Argentina week: the wholesale peso closed at 1,512 per US dollar, the Merval rose 2.3% and reserves fell to US$49.791 billion after a seven-year high.
ARGENTINA · MARKETS
Key Facts
—What happened Argentina let the wholesale peso trade above 1,500 per dollar this week while bonds and stocks rose.
—The reserves Gross central bank reserves rebounded about US$2.1 billion from their early-August low to US$50.912 billion on August 25, a seven-year high, then fell back to US$49.791 billion on Friday.
—The slowdown The central bank bought about US$36 million a day in August, down from US$103 million a day in July.
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