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Argentina will allow foreign tourists to exchange dollars at a significantly higher rate than the official rate previously available. The move comes as dollars trade at more than twice the official peso value on the black market.
A more generous tourist rate eases pressure on the parallel market and may weaken the official peso further. For feed buyers, Argentine currency moves affect the cost of exported grain and meal from a major supplier.
reuters.comWalter BianchiJul 21, 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.
