January 14, 2019 / 4:10 PM / 5 days ago

Argentina central bank buys $50 mln in foreign exchange market - traders

BUENOS AIRES, Jan 14 (Reuters) - Argentina’s central bank bought $50 million in the foreign exchange market on Monday at average price of 37.131 pesos per U.S. dollar, traders said.

The intervention came on top of the central bank buying $40 million on Friday as part of its effort to keep the peso within a targeted band of 37.451 per dollar and 48.466 per dollar.

After Monday’s intervention, the local currency was 0.57 percent weaker at 37.15 to the greenback.

Reporting by Walter Bianchi

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