(Reuters) - BUENOS AIRES, July 24 - An unusual drop in
Argentina's currency triggered a sell-off in bonds and stocks
on Tuesday as investors liquidated assets and rushed to buy
dollars before the peso, at its weakest in more than four
years, declined further.
With agricultural exports booming and flooding the country
with greenbacks, usually dollars are chasing pesos in Argentina
and the Central Bank purchases dollars most days to keep the
country's currency from appreciating.
Read more at Reuters.com Bonds News
Argentina's currency triggered a sell-off in bonds and stocks
on Tuesday as investors liquidated assets and rushed to buy
dollars before the peso, at its weakest in more than four
years, declined further.
With agricultural exports booming and flooding the country
with greenbacks, usually dollars are chasing pesos in Argentina
and the Central Bank purchases dollars most days to keep the
country's currency from appreciating.
Read more at Reuters.com Bonds News
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