Argentina central bank faces peso test ahead of fraught election


  • World
  • Saturday, 17 Aug 2019

FILE PHOTO: Argentine President Mauricio Macri is seen on TV at a greengrocery in Buenos Aires, Argentina August 14, 2019. REUTERS/Agustin Marcarian

BUENOS AIRES (Reuters) - Argentina's central bank must toe a politically fraught line between supporting the peso without blasting through the bank's reserves, as policymakers seek to salvage the currency ahead of October's presidential election, analysts said on Friday.

The peso was in free-fall for most of this week after a shock primary election result on Sunday, when centre-left presidential candidate Alberto Fernandez trounced centre-right President Mauricio Macri.

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