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The informal 'free' dollar in Argentina rose one peso to 201 pesos for sale, touching its 2022 floor from late December. Dollar-linked bonds and the MEP and counted-with-liquidation rates also moved marginally.
The central bank sold about $35 million in the spot market that day, after about $40 million the day before.
A weaker peso raises the local cost of imported feed ingredients and fertilizer for Argentine buyers. The central bank's dollar sales are a sign of its efforts to contain currency pressure, which can affect export pricing for soy products.
archyde.comAlexandra Hartman Editor-in-ChiefMar 31, 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.
