Argentina props up ailing peso

ARGENTINA - Argentina's Central Bank is thought to have intervened in the currency markets to support the ailing peso.

The Argentine currency - which was floated freely for the first time last month - fell sharply against the dollar on Wednesday.

The struggling peso weakened by over 3% to an all-time low of 2.6 to a dollar.

Traders said that the Central Bank had come into the market selling dollars to try and prevent a further collapse.

The free float of the peso, together with its devaluatio

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