Buenos Aires Times

economy ALL EYES ON THE GREENBACK

Dollar rebounds 20 cents after dropping below 28 pesos

The dollar had shed 58 peso-cents on Tuesday to close the day at 28.04 pesos.

Wednesday 11 July, 2018
All eyes are on the dollar.
All eyes are on the dollar. Foto:Noticias Argentinas

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The US dollar was rebounding against the Argentine peso in early trading Wednesday. 

Amid expectations about a new round of bidding on Treasury Bonds in dollars and 2020 dual bonds, the dollar bounced back by 20 cents to a selling rate of 28 pesos at Banco Nación.

The recovery comes after three consecutive declines which saw the greenback fall below the 28-peso mark.

The dollar had shed 58 peso-cents on Tuesday to close the day at 28.04 pesos.

-TIMES

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