# After the dollar-loving Milei wins the presidency, Argentines anxiously watch the exchange rate | AP News

> Javier Milei's presidential win has left Argentines anxious about the peso, which has lost significant value against the dollar over the past year. Consumers expect a currency depreciation to raise the cost of consumer goods.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/33459-after-the-dollar-loving-milei-wins-the-presidency-argentines-anxiously-watch
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Expectations of further peso weakness can push Argentine farmers to hold soybeans and corn for a better exchange rate, supporting world meal prices while reducing near-term export flow.

## Read by commodity

- SOY: bullish ▲
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.1% | -1.7% |
| SOY | 2020-04-09 | [Dollar drops after Fed launches new loan program](https://feedsoft.ai/events/53817-dollar-drops-after-fed-launches-new-loan-program.md) | -2.1% | -1.5% |
| SOY | 2019-11-04 | [The Dollar Advances as Fed Rate Guidance and Trade War Headlines Offer Support](https://feedsoft.ai/events/55964-the-dollar-advances-as-fed-rate-guidance-and-trade-war-headlines-offer-support.md) | -0.5% | -5.8% |
| SOY | 2023-03-13 | [Dollar slides as Fed rate hike outlook tumbles after SVB collapse](https://feedsoft.ai/events/37051-dollar-slides-as-fed-rate-hike-outlook-tumbles-after-svb-collapse.md) | -2.4% | -1.7% |
| SOY | 2022-03-18 | [Why traders sell dollars after Fed vowed to aggressively hike rates? - CGTN](https://feedsoft.ai/events/42439-why-traders-sell-dollars-after-fed-vowed-to-aggressively-hike-rates-cgtn.md) | +1.9% | +0.8% |

## Sources

- apnews.com: https://apnews.com/article/milei-argentina-dollar-peso-exchange-bb61f9e9a6108ba0ced63f89b2cfd431

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