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Direct: Argentina's currency rose nearly 6% Thursday after three consecutive sessions of sharp decline in economic and political concerns.
The Argentine peso suffered significant losses, which resulted in a loss of about 25% of its value over the last three days, after the results of the presidential election which showed a clear superiority of the candidate from l & # 39; opposition.
The results of the primary elections sparked investor concern over the possibility that Argentina was unable to pay its financial commitment, as well as the growing concern of the markets in the face of the global economic downturn.
The Argentine government yesterday announced a package of support and tax relief measures for low-income workers, with a promise to raise the minimum wage.
The Argentine central bank sold about $ 248 million from the international reserve on Wednesday to support the currency and stop its sharp decline, according to the Reuters news agency.
At 14:16 GMT, the Argentine peso appreciated by 5.9% against the dollar, which brought the US dollar down to 56.50 pesos.
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