Argentine peso hits new low, central bank sells $200mn in reserves

BUENOS AIRES: Argentina’s central bank auctioned a total of $200 million in two currency auctions of its reserves on Tuesday, after the peso hit a new low, the monetary authority said in a statement.

The peso weakened to a record close of 31.50 per dollar after touching an all-time low of 31.60 to the greenback earlier in the day.