# Argentine peso down 2.24% on early trading at 1,430 per USD amid global tension: traders | MarketScreener

> The Argentine peso weakened about 2.24% in early trading to around 1,430 per US dollar, according to traders, amid global tension. The move came as the broader Middle East conflict drove risk aversion across markets.

- Date: 2026-03-02 · published 2026-03-02T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/20437-argentine-peso-down-2-24-on-early-trading-at-1-430-per-usd-amid-global-tension
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker peso lowers Argentina's export costs in dollar terms, which can encourage farmers to sell soybeans, meal and corn faster and pressure dollar-denominated soymeal and soyoil prices. The effect is modest for a single-session move.

## Read by commodity

- SBM: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2019-08-31 | [Argentina curbs banks' access to pesos amid growing market turmoil](https://feedsoft.ai/events/57871-argentina-curbs-banks-access-to-pesos-amid-growing-market-turmoil.md) | -0.3% | +2.3% |
| SBM | 2023-12-13 | [Argentina peso devalued over 50% as markets welcome Milei's 'tough pill'](https://feedsoft.ai/events/32995-argentina-peso-devalued-over-50-as-markets-welcome-milei-s-tough-pill.md) | -4.8% | -12.4% |
| SBM | 2018-05-15 | [Argentine peso takes fresh hit amid uncertainty  \| Buenos Aires Times](https://feedsoft.ai/events/65311-argentine-peso-takes-fresh-hit-amid-uncertainty-buenos-aires-times.md) | -2.7% | -9.3% |
| SBM | 2022-12-29 | [Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars – Bitcoin News](https://feedsoft.ai/events/38509-argentine-peso-breaks-historic-low-mark-as-argentines-hedge-savings-in-dollars.md) | +4.4% | +1.2% |
| SBM | 2021-10-22 | [Argentina's informal peso down 2.05%, country risk widens to all time high \| Financial Post](https://feedsoft.ai/events/44844-argentina-s-informal-peso-down-2-05-country-risk-widens-to-all-time-high.md) | +1.5% | +11.6% |

## Sources

- marketscreener.com: https://www.marketscreener.com/news/argentine-peso-down-2-24-on-early-trading-at-1-430-per-usd-amid-global-tension-traders-ce7e5cdcd08df126

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