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The central bank ordered financial institutions on November 4 to hold their foreign currency positions at or below October averages through the end of November. The order came amid a falling peso, IMF talks and mid-term elections.
Limiting bank FX purchases reduces dollar availability for importers, which can slow Argentine purchases of feed ingredients and imported inputs.
centralbanking.comBen MarguliesNov 8, 2021Not 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.
