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Argentina's central bank is not planning market intervention beyond current measures after the election surprise, according to sources. Dollars in the parallel market trade at almost three times the official rate of 350 pesos.
The peso has been under heavy pressure in recent weeks.
A central bank that holds off on new FX measures leaves the parallel premium open, keeping pressure on exporters' dollar conversion and on Argentine soy product flows.
reuters.comJorge OtaolaOct 23, 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.
