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Argentina's JP Morgan country risk spread rose 17 points to 1,417 basis points on Tuesday, its highest since early December. Investors cited concerns about domestic economic policy, stalled IMF debt talks and possible new COVID-19 lockdowns in Europe.
Rising sovereign risk and capital flight pressure push the peso lower and can raise financing costs for Argentine exporters, which may encourage faster grain sales and influence soymeal and corn export flows.
en.mercopress.comJan 6, 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.
