Argentine peso hits record low against US dollar

BUENOS AIRES, Argentina (AP) — Argentina’s state-run Banco de la Nación says the Argentine peso has hit a new low, closing at 45.90 to the dollar. It was as low 47.50 in midday trading Thursday.
The drop was attributed to investors’ growing distrust of the economic management of conservative President Mauricio Macri, who is seeking a second term in this year’s elections.
A financial consultant at the firm Pronóstico Bursátil told The Associated Press