# Argentina shores the Peso, stock market tumbles, ahead of 'Super Tuesday' | Argentina My Financial News

> 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.

- Date: 2022-02-12 · published 2022-02-12T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/42967-argentina-shores-the-peso-stock-market-tumbles-ahead-of-super-tuesday-argentina
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- argentina.myfinancial.news: https://argentina.myfinancial.news/sections/stock-market/argentina-shores-the-peso-stock-market-tumbles-ahead-of-039super-tuesday039.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.