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Argentina's government announced a rollback of the PAIS tax from 17.5% to 7.5%, starting Monday, and is postponing the end of exchange restrictions known as the cepo. Analysts say net reserves could fall to negative US$8 billion by the end of 2024.
Continued currency controls and weak reserves keep Argentine peso and export dynamics unstable, which can shape farmer selling and the price competitiveness of Argentine soymeal and oil exports.
buenosairesherald.comSolange RialAug 30, 2024Not enough comparable past events yet for a historical read.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
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.
