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Argentine credit card spending in foreign currencies reached US$645 million in January 2025, the highest since February 2018, according to central bank data. The trend reflects a peso that has held relatively firm against the dollar as the government lets it depreciate about 1% per month, while wages and prices rise faster.
Argentines are also spending more in neighbouring countries, which weighs on the trade balance.
A strong peso and rising dollar spending point to a wider current account deficit and pressure on Argentina's export earnings, which can affect farm exporters' selling pace and the peso's exchange rate. The effect on world feed prices is indirect and limited.
batimes.com.arJames GraingerFeb 11, 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.
