Argentine peso falls 4.61% in opening trade

Buenos Aires (AFP) – The Argentine peso fell 4.61 percent in opening trade Tuesday, signalling a return to the volatility that prompted the country’s central bank to intervene last week to support the currency.

The peso declined to 23.41 to the dollar and the Buenos Aires Stock Exchange’s Merval index followed suit, dropping 4.68 percent less than two hours after it opened.