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Argentina's peso will trade within a gradually widening band of 1,000 to 1,400 pesos per dollar under the new FX regime. The currency closed at 1,074 per dollar on Friday, with parallel markets also quoted.
The official rate had previously been on a crawling peg that allowed 1% monthly depreciation.
The shift from a crawling peg to a band changes the exchange-rate risk for Argentine oilseed and grain exporters. That can alter the pace of export sales and affect global meal and oil prices.
reuters.comJorge OtaolaApr 14, 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.
