# Argentina peso at risk of another devaluation after election, Reuters poll shows

> A Reuters poll of 19 economists, conducted September 1 to 5, expects the official peso rate to reach 419.8 per dollar in three months. That implies a 16.6% devaluation after the October 22 election and a possible November 19 runoff. The official rate was cut by nearly 18% and pegged at 350 per dollar in August under an IMF agreement.

- Date: 2023-09-07 · published 2023-09-07T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/34412-argentina-peso-at-risk-of-another-devaluation-after-election-reuters-poll-shows
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Expected depreciation after the vote points to continued currency pressure that can shape Argentine export sales and the cost of soy products for buyers.

## Read by commodity

- USDARS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/argentina-peso-risk-another-devaluation-after-election-2023-09-07/

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