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The informal Argentine dollar fell two pesos to 202 for sale, its lowest level since December 21, and fell 3.8% year to date. Argentine stocks lost up to 7% on Wall Street after the lower house approved an agreement with the IMF.
The central bank bought $90 million on the official market.
Currency and market moves in Argentina affect the peso cost of imported inputs and the export competitiveness of soy products. The IMF deal shifts the outlook for peso pressure, though the effect on feed prices is indirect.
infobae.comNewsroom InfobaeMar 14, 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.
