# US dollar does not soar as expected following Argentina's elections results — MercoPress

> The unofficial peso rate held near 201 per dollar after the ruling party lost Sunday's midterm elections, while the official rate stood near 100.31. The central bank sold dollars to restrain the devaluation pace, and reserves fell.

- Date: 2021-11-16 · published 2021-11-16T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/44329-us-dollar-does-not-soar-as-expected-following-argentina-s-elections-results
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Stable parallel rates and continued central bank intervention keep the currency gap wide, sustaining import cost uncertainty for Argentine feed buyers.

## Read by commodity

- USDARS: neutral

## Sources

- en.mercopress.com: https://en.mercopress.com/2021/11/16/us-dollar-does-not-soar-as-expected-following-argentina-s-elections-results

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