Argentina tightens currency controls, helping the US dollar climb to a new record

Argentina tightens currency controls, helping the US dollar climb to a new record

Argentina’s peso currency plunged further into record low territory after the central bank tightened currency controls. The peso opened almost 0.1% weaker at 75.25 per U.S. dollar, traders said, and the country risk rose 38 basis points to 1,157. The black market peso or blue dollar plummeted 9.7% to open at a new all-time low 145 per U.S. dollar.

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Market news summary from Merco Press market news.
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