# Argentina sets floor under peso as reserves dwindle | Reuters

> Reuters reported that Argentina set a floor under the peso as its foreign exchange reserves dwindled. The article text was mostly unrelated page boilerplate, so few further details are available.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/56856-argentina-sets-floor-under-peso-as-reserves-dwindle-reuters
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A managed peso floor and falling reserves signal continued currency stress in Argentina, which can shift the cost of Argentine soybean and meal exports and farmer selling behavior.

## Read by commodity

- USDARS: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-argentina-election-idUSKBN1XA2A0/

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