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Argentina's peso closed 6.6% higher on Wednesday, recovering ground lost after the foreign exchange controls were eased. The currency finished the shortened Easter week at 1,125 per US dollar, 4.4% below the previous week's close.
The central bank said it would not intervene in the market.
Sharp peso swings change the dollar value of Argentine soybean and grain exports and the timing of farmer sales. Those flows feed into world meal and oil prices.
reuters.comApr 16, 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.
