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Argentina's black market for dollars has grown since the government introduced forex controls in September to halt a fall in dollar reserves and stabilise the peso. Inflation is above 50% and the peso has lost close to 70% of its value against the dollar over two years.
Capital controls keep the peso artificially stable while inflation erodes it, which adds currency risk for Argentine feed and grain buyers and can distort local import costs.
reuters.comJoan Manuel Santiago LopezFeb 5, 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.
