Argentine Peso Tumbles to New Low
- Biggest one-day decline in the currency in one month
- Fall comes amid report of central bank reshuffling, strikes
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Argentina’s peso tumbled to a record low Thursday amid reports a group of central bank directors will depart from the institution and a truck drivers’ strike threatened to disrupt the country’s economy.
The peso dropped as much as 5 percent, its biggest decline in one month, to trade at 27.3 per dollar in early afternoon trading. The peso is down more than 30 percent this year, the worst performance in emerging markets.