Argentine Peso Falls to Four-Year Low on Weakening Exports, Bond Sales

(Bloomberg) -- Argentina's peso fell to more than a
four-year low, as the agricultural export season ends and sales
of local bonds boost the supply of pesos in South America's
second-largest economy.

``As agricultural export receipts sink, there's a reduced
flow of dollars into the economy,'' said Guillermo Estebanez, a
currency strategist at Banc of America Securities LLC in San
Francisco. ``There appears to be more selling of local bonds as
well.''


Read more at Bloomberg Currencies News