Loading…
Argentine savers are buying dollars after the government granted them full freedom to purchase foreign currency. Dollar deposits in bank accounts rose by US$1 billion in the first eight business days after the restrictions were lifted.
Demand is fuelled by a favourable exchange rate and seasonal export flows.
Heavy dollar demand from savers adds pressure on the peso, which affects the peso value of Argentine grain and oilseed exports. Currency moves of this kind change farmer selling decisions for soy products.
batimes.com.arJames GraingerApr 30, 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.
