Argentine peso gains in black market after hitting record low

Kitco Media
By Reuters
Published:
Updated:
Reuters
BUENOS AIRES, April 26 (Reuters) - Argentina's peso strengthened 4.2% in the parallel black market on Wednesday, traders said, paring some losses after it plunged to a record low of near 500 per dollar a day earlier. The latest move, which took the currency to 475 per dollar, was driven by profit taking, the market players added. (Reporting by Jorge Otaola)

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