# Default, Devaluation, Depression: Argentina’s Black Market Rate Suggests Intense Fear Over The Near Future

> The black-market dollar rate in Argentina is being read as a gauge of fear about the economy, with demand for dollars rising as Argentines move out of pesos. The article points to stagflation despite official statistics showing a drop in activity. It frames the gap between official and parallel rates as a sign of expected devaluation and default.

- Date: 2020-05-27 · published 2020-05-27T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/53424-default-devaluation-depression-argentina-s-black-market-rate-suggests-intense
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Persistent demand for dollars and expectations of devaluation keep upward pressure on the official USD/ARS rate, which affects the cost of imported feed and the peso returns Argentine exporters receive for soymeal and grain.

## Read by commodity

- USDARS: bullish ▲

## Sources

- forbes.com: https://www.forbes.com/sites/afontevecchia/2020/05/27/default-devaluation-depression-argentinas-black-market-rate-suggests-intense-fear-over-the-near-future/

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