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Argentina will narrow the USDARS crawling peg from 2% to 1% per month starting February 1, while FX controls remain in place for now. The analysis says the move could have wider implications and includes a revised forecast path.
A slower peso crawl reduces the peso's depreciation, which affects Argentine farmer selling and export competitiveness for soy and corn. The effect on global feed prices is modest while capital controls persist.
bbvamarketstrategy.comDavid FritzJan 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.
