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Goldman Sachs expects the Milei government to strictly manage peso depreciation until the October midterm elections to protect disinflation progress. It forecasts USDARS at 1,080 in three months and 1,110 in six months, with a roughly 20% weakening after October.
Expectations of managed depreciation and a later sharp devaluation shape the peso's path, which affects Argentine export pricing for soymeal and corn. The outlook is mainly relevant to currency traders.
mnimarkets.comKeith GylesJan 20, 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.
