Argentine peso slides, BCRA FX purchases slow sharply

Argentina's wholesale peso weakened 11.50 pesos per dollar over five sessions, a sharp acceleration from last week's 1-peso move, while the central bank bought only USD 270 million—less than half the prior week's pace—and reserves ended lower. The faster depreciation and reduced intervention suggest rising pressure on the managed float, likely reflecting political or external shocks, though the trigger is not specified.

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