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The gap between the official peso-dollar rate and parallel rates is widening again after a large December devaluation had narrowed it significantly. Markets are reassessing President Milei's early economic moves.
Investors are showing less confidence in his currency policy.
A renewed widening of the exchange gap signals further peso weakness, which can influence Argentine export competitiveness for soybean products and related prices.
reuters.comJorge OtaolaJan 10, 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.
