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Argentina's peso strengthened sharply on Monday after the new central bank chief said banks' reserve requirements would be raised to tighten local-currency liquidity following a recent run on the currency. Latin American stocks fell as fears of a US-China trade war escalated.
A firmer peso lowers the local-currency cost of Argentine dollar-priced exports such as soymeal and corn, which can weigh on Argentine export prices, while the trade-war fears point to softer demand sentiment for agricultural commodities.
argentina.myfinancial.newsMy Financial NewsFeb 12, 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.
