# Argentina's parallel peso strengthens on new economic measures, stock index plummets

> 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.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/29581-argentina-s-parallel-peso-strengthens-on-new-economic-measures-stock-index
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/argentinas-parallel-peso-strengthens-new-economic-measures-stock-index-plummets-2024-07-15/

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