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The Argentine peso has fallen sharply in parallel markets, and the largest banknote is now worth less than $4. A gap between the official rate and several parallel rates is pushing tourists and locals with dollars to trade cash on the black market.
A widening gap between official and parallel peso rates signals continued currency stress and capital controls in Argentina, a major soybean and meal exporter. That can shift export pricing and farmer selling behavior.
bloomberg.comPatrick GillespieOct 27, 2022Not 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.
