# Milei Defies Forecasts So Far as Argentina’s Peso Strengthens

> The Argentine peso is trading around 1,100 per dollar, stronger than many analysts had forecast after currency controls were removed. Analysts had expected a devaluation. The peso's resilience is linked to the new $20 billion IMF program.

- Date: 2025-04-23 · published 2025-04-23T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/25430-milei-defies-forecasts-so-far-as-argentina-s-peso-strengthens
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A stronger peso than expected keeps Argentine export prices in dollar terms firmer, which can limit how fast farmers sell soy products. That supports world meal and oil prices somewhat.

## Read by commodity

- SBM: neutral
- USDARS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-04-22 | [Argentina's surprise peso strength tempers fears of inflation comeback \| Reuters](https://feedsoft.ai/events/25426-argentina-s-surprise-peso-strength-tempers-fears-of-inflation-comeback-reuters.md) | -2.2% | -1.7% |
| SBM | 2024-06-25 | [Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt \| Buenos Aires Times](https://feedsoft.ai/events/30075-milei-s-push-to-rebuild-argentina-s-foreign-reserves-grinds-to-a-halt-buenos.md) | -1.8% | -7.4% |
| SBM | 2024-08-02 | [Argentina Fights on Two Fronts to Defend Peso, Draining Reserves](https://feedsoft.ai/events/29079-argentina-fights-on-two-fronts-to-defend-peso-draining-reserves.md) | -4.6% | -11.0% |
| SBM | 2026-10-08 | [Argentina's two-speed economy deepens as peso appreciates and manufacturing collapses \| 24EcoNews](https://feedsoft.ai/events/17348-argentina-s-two-speed-economy-deepens-as-peso-appreciates-and-manufacturing.md) | +3.5% | -6.4% |
| SBM | 2018-08-31 | [Argentina peso firms as central bank intervenes, IMF voices support](https://feedsoft.ai/events/63818-argentina-peso-firms-as-central-bank-intervenes-imf-voices-support.md) | +4.2% | +1.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-04-23/milei-defies-forecasts-so-far-as-argentina-s-peso-strengthens-usd-ars?ceid=4606001&emdi=faea00dd-4a20-f011-8b3d-0022482a9fb7

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