October 16, 2018 / 5:32 PM / a month ago

Argentine peso driven up 1.63 pct by high interest rates-traders

BUENOS AIRES, Oct 16 (Reuters) - Argentine peso strengthened 1.63 percent to 36.2 per U.S. dollar on Tuesday, traders said, citing the higher interest rates carried by central bank short-term debt.

Later in the day the bank was expected to issue new tranches of short-term Lebac securities. On Friday the monetary authority issued 7-day Leliq notes at an average rate of 71.997 percent. (Reporting by Hugh Bronstein, Jorge Otaola and Gabriel Burin)

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