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The informal parallel dollar rate in Argentina rose to 1,310 pesos as markets demanded details of the IMF agreement. The central bank had sold US$1.3 billion over eight consecutive working days, and gross reserves fell to US$26.2 billion, the lowest since January 2024.
A widening gap between official and parallel rates and falling reserves increase the risk of a sharp peso devaluation, which would affect Argentine oilseed selling and the peso cost of export crops. Higher inflation expectations from devaluation could also weigh on local demand for feed.
buenosairesherald.comFacundo IglesiaMar 27, 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.
