# Argentine peso recoups lost ground after FX control ease, Milei rules out intervention

> 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.

- Date: 2025-04-16 · published 2025-04-16T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/25431-argentine-peso-recoups-lost-ground-after-fx-control-ease-milei-rules-out
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/argentine-peso-recoups-lost-ground-after-fx-control-ease-milei-rules-out-2025-04-16/

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