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Argentina's central bank foreign currency reserves fell almost $1 billion in May to $42.6 billion, the lowest since early 2017, despite tighter controls on dollar access. Private citizens can now buy only $200 per month on the official market and pay a steep tax.
Weak reserves and capital controls strain Argentina's import capacity and peso, which can affect its feed and oilseed export flows and crush margins for soymeal and soyoil.
financialpost.comReutersJun 4, 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.
