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Argentina's central bank said it signed a $20 billion currency swap agreement with the US. The Argentine peso closed at a record low of 1,475 per dollar, down 1.7% on the day.
The central bank said the pact is part of a broader strategy to respond to foreign exchange and capital market volatility.
The swap gives Argentina more dollar liquidity, but a record-low peso makes Argentine soymeal and grain cheaper for export buyers, which can pressure world meal prices.
reuters.comSarah Morland, Dave GrahamOct 20, 2025Not 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.
