# Argentina's surprise peso strength tempers fears of inflation comeback | Reuters

> Argentina's peso has strengthened after the government abruptly eased most currency controls in place since 2019. The move had earlier triggered a plunge of over 10% in the currency, raising inflation fears. The government has pledged a fiscal surplus and no FX market intervention.

- Date: 2025-04-22 · published 2025-04-22T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/25426-argentina-s-surprise-peso-strength-tempers-fears-of-inflation-comeback-reuters
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A firmer peso reduces the pressure on Argentine exporters and farmers to sell grain and meal quickly, which can slow export flows of soymeal and soyoil and support world prices. Currency swings also change Argentina's competitiveness against Brazil and the US.

## Read by commodity

- SBM: neutral
- USDARS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-04-27 | [Argentina seeks to tame inflation, peso with biggest rate hike since 2019 \| Financial Post](https://feedsoft.ai/events/36673-argentina-seeks-to-tame-inflation-peso-with-biggest-rate-hike-since-2019.md) | -0.7% | -6.2% |
| SBM | 2025-04-23 | [Milei Defies Forecasts So Far as Argentina’s Peso Strengthens](https://feedsoft.ai/events/25430-milei-defies-forecasts-so-far-as-argentina-s-peso-strengthens.md) | -1.0% | -1.0% |
| SBM | 2025-08-25 | [Argentina's financial markets tumble amid government corruption allegations \| Reuters](https://feedsoft.ai/events/23599-argentina-s-financial-markets-tumble-amid-government-corruption-allegations.md) | -3.5% | -4.4% |
| SBM | 2023-07-25 | [Argentine IMF concessions risk further fueling red hot inflation](https://feedsoft.ai/events/35332-argentine-imf-concessions-risk-further-fueling-red-hot-inflation.md) | +0.7% | -7.7% |
| SBM | 2019-07-26 | [Volatility Is Back in Argentina as Election Jitters Take Toll - Bloomberg](https://feedsoft.ai/events/58358-volatility-is-back-in-argentina-as-election-jitters-take-toll-bloomberg.md) | -3.5% | -3.4% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/argentinas-surprise-peso-strength-tempers-fears-inflation-comeback-2025-04-22/

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