# Argentina Devalues Peso Faster While It Fights Reserves Drop - Bloomberg

> Argentina's central bank is ending its uniform devaluation policy and allowing greater currency volatility. It also raised repo rates in an effort to stem a fall in reserves.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/50911-argentina-devalues-peso-faster-while-it-fights-reserves-drop-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A faster peso devaluation can encourage Argentine farmers to sell crops held in storage, but it also raises the cost of imported inputs, so the net effect on soymeal and soyoil export supply is uncertain.

## Read by commodity

- USDARS: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-10-01/argentina-to-abandon-crawling-peg-allow-volatility-to-the-peso

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