Loading…
Argentina's Economy Minister Martin Guzman told Reuters the currency crisis will not be fixed with a one-shot devaluation, signaling a continued slow peso decline. The gap between official and black-market dollar rates is around 78%, after nearly 150% in late October.
A gradual peso slide keeps Argentine export pricing and farmer selling uncertain, which can affect the flow of soymeal, soyoil and grain exports and the price competitiveness of Argentine supply.
reuters.comHugh BronsteinDec 11, 2020Not 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.
