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Argentina's Central Bank sold dollars in late July for the first time in three months to slow peso depreciation. The bank sold about US$70 million on July 27 and an estimated US$310 million over the last week of July.
Annual inflation is near 50%, and seasonal crop-export dollar inflows are expected to decline.
Lower dollar supply from crop exporters and peso pressure can raise the cost of Argentine grain and meal exports in dollar terms, and may prompt import curbs that affect feed ingredient flows.
batimes.com.arJames GraingerAug 3, 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.
