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Argentina's central bank has said it will use full force to tame foreign exchange markets, according to a source. The bank will wait to see whether measures already taken work before adding restrictions.
Dollars trade near 170 pesos on parallel markets versus an official rate near 96.
Capital controls and a widening gap between official and parallel rates distort the peso's price and raise uncertainty for Argentine exporters of soy products and grain. Tighter control can slow peso weakness, but it may also reduce farmers' incentive to sell, tightening export availability.
reuters.comAdam JourdanJul 19, 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.
