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Argentina's blue dollar fell to AR$985 on March 7, its lowest nominal level since the December devaluation, while the MEP rate closed at AR$996. Dollar holders are selling to cover living costs amid inflation above 250% year on year.
The gap between parallel and official rates has narrowed.
A stronger peso lowers the dollar value of Argentine farm output, which can encourage faster sales of soybeans and corn and add modest pressure on export prices.
buenosairesherald.comValen IricibarMar 8, 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.
