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The Argentine peso gained more than 4% against the dollar on Monday after the government announced currency measures on Sunday to slow an outflow of the currency. The peso traded around 57 per dollar at midday after opening weaker.
The Merval stock index rose more than 5%.
The peso rebound eases pressure on Argentine export pricing and farm-sector margins in the short term. The move reflects confidence in the controls, though the volatility remains high.
wsj.comJeffrey T. LewisSep 2, 2019Not 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.
