# Argentina central bank to keep powder dry for now after election surprise -sources

> 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.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/33939-argentina-central-bank-to-keep-powder-dry-for-now-after-election-surprise
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/argentina-central-bank-keep-powder-dry-now-after-election-surprise-sources-2023-10-23/

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