# ARS/USD: Argentine Peso Stable Against Dollar Thanks to High Oil Prices - Bloomberg

> Argentine dollar demand in July rose 35% month on month to US$3.4 billion, the highest since the pre-midterm panic of last year, according to central bank data. Dollar sales fell 13% to US$608 million. The war in Iran has unexpectedly helped President Milei keep the peso stable through higher oil prices.

- Date: 2026-09-09 · published 2026-09-09T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/17753-ars-usd-argentine-peso-stable-against-dollar-thanks-to-high-oil-prices-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Strong dollar demand and higher oil revenue shape Argentina's currency and export incentives, which feed into how much Argentine grain and oilseed is sold abroad. The direct effect on feed commodity prices is small.

## Read by commodity

- BRENT: bullish ▲
- USDARS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-06-28 | [Double trouble: Rupee sinks to lifetime low of Rs 69.10 against US Dollar as oil prices head north](https://feedsoft.ai/events/64790-double-trouble-rupee-sinks-to-lifetime-low-of-rs-69-10-against-us-dollar-as-oil.md) | +0.7% | -4.0% |
| BRENT | 2021-02-04 | [Ringgit marginally higher against us dollar on improving oil prices \| Malay Mail](https://feedsoft.ai/events/48915-ringgit-marginally-higher-against-us-dollar-on-improving-oil-prices-malay-mail.md) | +4.8% | +10.0% |
| BRENT | 2022-02-18 | [Ringgit opens higher against US dollar on steady commodity prices](https://feedsoft.ai/events/42965-ringgit-opens-higher-against-us-dollar-on-steady-commodity-prices.md) | +6.4% | +16.9% |
| BRENT | 2022-02-28 | [Ringgit opens firmer against US dollar, supported by oil prices \| Malay Mail](https://feedsoft.ai/events/42959-ringgit-opens-firmer-against-us-dollar-supported-by-oil-prices-malay-mail.md) | +23.1% | +23.8% |
| BRENT | 2020-04-27 | [Ringgit opens higher against US dollar](https://feedsoft.ai/events/53928-ringgit-opens-higher-against-us-dollar.md) | +19.9% | +86.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-09-09/ars-usd-argentine-peso-stable-against-dollar-thanks-to-high-oil-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.