Wednesday, July 25, 2007

Argentine Central Bank puts brakes on peso's fall

(Reuters) - BUENOS AIRES, July 25 - Argentina's Central Bank
put the brakes on a steep fall in the peso currency in
Wednesday afternoon trade by selling dollars on the interbank
foreign currency market, traders said.




Traders said the central bank sold a small, strategic
amount of dollars, enough to bring the peso back to
3.1650/3.1675 per dollar , after the asking price
slipped to 3.1875 in the morning.


Read more at Reuters.com Bonds News

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