Argentina peso slides after record loan with IMF

BUENOS AIRES, Argentina (AP) — The Argentine peso has slipped a day after the government reached a new loan agreement with the International Monetary Fund.
The increased $57. 1 billion loan announced by the IMF on Wednesday seeks to ease concerns of international investors over Argentina’s ability to meet its debts amid the country’s economic troubles.
Argentina has been hit by a sharp depreciation of the peso amid double-digit inflation, with the currency losing more than half