# Argentina slows peso devaluation in an attempt to curb inflation | Buenos Aires Times

> Argentina's central bank has slowed the peso's depreciation as a tool to curb inflation ahead of November midterm elections. The peso lost 1.1% against the dollar in June, its smallest monthly decline since January 2020. Consumer prices rose almost 50% year on year in May.

- Date: 2021-07-01 · published 2021-07-01T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/46364-argentina-slows-peso-devaluation-in-an-attempt-to-curb-inflation-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A managed, slower crawl in the peso lowers the local-currency cost of imported inputs but raises the risk of a sharper devaluation later. For feed buyers, this shapes the peso price of Argentine meal and oil exports, which tend to shift when the currency moves abruptly.

## Read by commodity

- USDARS: bearish ▼

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-slows-peso-devaluation-in-an-attempt-to-curb-inflation.phtml

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