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The informal 'blue' dollar rate against the Argentine peso hit a new all-time high of AR$378 per US dollar, rising AR$8 on Tuesday. The Central Bank sold US$23 million at its official retail rate after adding US$280 million the prior week, as reserves drained.
A widening gap between official and parallel FX rates signals acute dollar scarcity in Argentina, which weighs on the country's ability to import feed and grain inputs and supports pressure on Argentine export pricing in dollar terms.
en.mercopress.comJan 18, 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.
