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The Argentine peso strengthened after Economy Minister Luis Caputo met with IMF Deputy Managing Director Gita Gopinath to review progress on the program agreed in January. Financial dollar rates such as the CCL and MEP continued to decline.
A firmer peso reduces the incentive for Argentine farmers to hold or sell grain at a discount, which can ease export availability pressure on soybeans, meal and corn over time.
fxleaders.comIgnacio TesonFeb 22, 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.
