# Argentina’s Market Honeymoon Fades As Peso (ARS/USD) Pressure Builds - Bloomberg

> 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.

- Date: 2024-01-05 · published 2024-01-05T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/32422-argentina-s-market-honeymoon-fades-as-peso-ars-usd-pressure-builds-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-01-05/argentina-s-market-honeymoon-fades-as-peso-pressure-builds

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