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The Argentine parallel peso appreciated about 6% to 1,415 per dollar on Monday after new economic measures took effect. Argentina's stock market fell as the government moved to halt monetary base expansion to fight inflation.
The blue-rate gap with the official rate narrowed to about 53% from roughly 60% the prior week.
Argentina is a minor feed-grain and oilseed meal exporter, so this currency and macro story has little direct effect on feed prices. It only matters indirectly through Argentine export selling and peso-denominated farm margins.
reuters.comJul 15, 2024Not 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.
