# Argentina central bank to use 'full force' to tame FX markets, source says | Reuters

> 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.

- Date: 2021-07-19 · published 2021-07-19T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/46362-argentina-central-bank-to-use-full-force-to-tame-fx-markets-source-says-reuters
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/finance/argentina-central-bank-use-full-force-tame-fx-markets-source-says-2021-07-19/

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