Argentine Bonds, Peso Tumble as Wall Street Gets a Reality Check

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The peso, meanwhile, has been hit in the parallel market by a slowdown in dollar purchases from the central bank. Monetary authorities have gone from an average of buying $150 million in the FX market per day from May 13 to 17 to an average of $37.5 million per day in the five business days ending on June 4, according to estimates from BancTrust & Co. Strategists Ramiro Blazquez and Federico Cuba.