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Argentina's government moved to calm the foreign exchange market and pledged no devaluation after the election. Black-market trading was almost absent amid a government crackdown, with bids of 900 to 1,010 pesos per dollar but no confirmed deals.
The official rate has been fixed at 350 pesos per dollar since August.
A credible pledge against devaluation and a crackdown on informal trading may ease selling pressure on Argentine exporters, but capital controls keep the parallel gap wide and limit dollar availability for trade.
reuters.comJorge OtaolaOct 19, 2023Not 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.
