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Argentina’s central bank has carried out a large sale of U.S. dollars in six years.
Argentina’s central bank sold $678 million in a single day the largest such intervention in six years to stabilize the peso amid political uncertainty. The move brings total sales over three days to $1.1 billion, as the peso hovers near historic lows and investor confidence wanes ahead of October midterm elections. Analysts warn that continued dollar sales could deplete reserves and threaten debt payments, with only $6 billion in net reserves available.
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