# The Superpower of Intact Twin Surpluses

> Argentina's government has recorded twin fiscal and external surpluses for ten consecutive months, and the central bank is buying foreign currency to rebuild reserves. Economic activity paused in September, but revisions to earlier months point to stronger growth in the final quarter, and financial assets have rallied.

- Date: 2024-11-25 · published 2024-11-25T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/27676-the-superpower-of-intact-twin-surpluses
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Inflows of dollars and reserve purchases support the peso and Argentina's capacity to finance imports, which can sustain demand for feed grains and meals from the country. The direct price impact on commodities is limited.

## Read by commodity

- USDARS: bearish ▼

## Sources

- argengrowth.beehiiv.com: https://argengrowth.beehiiv.com/p/the-superpower-of-intact-twin-surpluses

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