# Milei won, but the peso weakened again. What happened? - Buenos Aires Herald

> The peso gave back much of its post-election gains on Tuesday after falling sharply on Monday. The wholesale rate ended at AR$1,470, up 2.4%, and came within 25 pesos of the band ceiling. Analysts said Monday's initial drop had been overstated and that savers were buying dollars in volume.

- Date: 2025-10-28 · published 2025-10-28T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/22715-milei-won-but-the-peso-weakened-again-what-happened-buenos-aires-herald
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A weaker peso keeps Argentine soybean meal and grain offers competitive for export buyers, which limits upside in world meal prices.

## Read by commodity

- USDARS: bullish ▲

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/dollar-peso/milei-won-but-the-peso-weakened-again-what-happened

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