Loading…

Buenos Aires Times reports that President Milei continues to intervene in currency markets to support the peso despite looser trading rules. The central bank is selling dollar-linked securities at record levels and accumulating reserves.
These sales absorb pesos and keep the currency firmer.
Keeping the peso firmer raises the dollar cost of Argentine grain and meal exports, which can reduce farmer selling and tighten South American supply. This supports prices for soymeal and corn somewhat.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.