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Argentina's central bank tightened foreign-currency purchase rules, adding a 35% tax on individuals who use their $200 monthly dollar quota and including card payments abroad. It also limited corporate access to foreign currency.
The move triggered a selloff in Argentine bonds and stocks and pushed unofficial dollar prices higher.
Tighter capital controls and a weaker peso raise economic and currency risk in Argentina, a major grain and oilseed exporter. That can disrupt export-related dollar flows and farmer selling, adding volatility to Argentine soy and corn exports.
financialpost.comReutersSep 17, 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.
