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On June 27 Argentina's central bank temporarily restricted foreign exchange access for large companies and luxury goods importers, and paused foreign-currency import payments. The blue dollar rate rose to 232 pesos and the country risk index hit a record.
Currency controls can disrupt import payments and trade flows with Brazil, and reduced access to dollars may also slow farm input purchases, adding pressure to Argentine export logistics and prices.
datamarnews.comGabriel MalheirosJun 28, 2022Not enough comparable past events yet for a historical read.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
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.
