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The Central Bank of Argentina was a net seller of dollars last week for the first time since the October 27 presidential election, selling about US$120 million as the peso weakened below 60 per dollar. Despite the intervention, the peso fell 0.32 percent to around 60 per greenback.
The government also formalised appointments to the central bank board, subject to Senate approval.
Central bank dollar sales signal official efforts to stem peso depreciation under strict currency controls, which can affect Argentine feed and oilseed export pricing and farmer selling incentives.
batimes.com.arJames GraingerJan 21, 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.
