# IMF Talks Ahead of Elections Spur Argentina Devaluation Jitters - Bloomberg

> Argentines are increasingly hedging against devaluation as IMF negotiations stall ahead of the presidential election. The black-market peso hit a record 527 per dollar, and the central bank is intervening in the bond market.

- Date: 2023-07-19 · published 2023-07-19T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/35336-imf-talks-ahead-of-elections-spur-argentina-devaluation-jitters-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Devaluation expectations can encourage farmers to hold grain for a better exchange rate or sell faster once rates shift, making Argentine export flows less predictable for feed buyers.

## Read by commodity

- USDARS: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-07-19/imf-talks-ahead-of-elections-spur-argentina-devaluation-jitters

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