Argentina burns reserves to support peso, asks for early IMF funds

BUENOS AIRES (Reuters) - Argentina's peso touched a record low 32 per U.S. dollar on Wednesday, prompting the central bank to sell dollar reserves for the second straight day while the president asked the International Monetary Fund for early release of funds from a standby deal.The currency has weakened more than 42 percent in 2018, prompting massive central bank interventions including the sale of $500 million (387.87 million pounds) in reserves between Tuesday and Wednesday.Nerves are frayed..