BUENOS AIRES, Jan 28 (Reuters) - Argentina’s central bank bought $50 million in the foreign exchange market at an average 37.1250 pesos per dollar on Monday, the latest step in its campaign to keep the currency in a trading band agreed with the International Monetary Fund.
The bank has spent $440 million on interventions so far this month. It has agreed with the IMF to buy dollars when the peso strengthens beyond a band that on Monday was 37.787 to 48.901 per greenback.
Reporting by Walter Bianchi, writing by Hugh Bronstein