# Milei intervenes in currency market despite letting peso float | Buenos Aires Times

> Argentina's central bank sold about US$409 million in futures contracts on April 30 to influence the peso, despite the government's pledge to let the currency float. Consultancies estimate the bank's short position is near US$1 billion, and intervention likely intensified in May, including on May 7 when the spot peso strengthened nearly 6%.

- Date: 2025-05-28 · published 2025-05-28T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/24963-milei-intervenes-in-currency-market-despite-letting-peso-float-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Central bank intervention to hold the peso strong can slow Argentine farmer sales of soybeans and meal, which can support export prices for soy products. The effect on global feed markets is modest.

## Read by commodity

- USDARS: bearish ▼

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/milei-intervenes-in-currency-market-despite-letting-argentine-peso-float.phtml

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