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