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Investors expect the Argentine peso to come under pressure weeks after President Milei devalued it by 54%. Parallel-market rates touched a fresh low, raising inflation concerns that were already above 200%.
Milei's team was preparing to meet IMF staff over a $44 billion program.
Persistent peso weakness and inflation in Argentina affect the country's export pricing for soy products and the policy path that determines farmer selling, which matters for meal and oil supply.
bloomberg.comIgnacio Olivera DollJan 5, 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.
