# Argentine Peso Strengthens Against Dollar After Currency Controls Introduced

> 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%.

- Date: 2019-09-02 · published 2019-09-02T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/57372-argentine-peso-strengthens-against-dollar-after-currency-controls-introduced
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- wsj.com: https://www.wsj.com/articles/argentine-peso-strengthens-against-dollar-after-currency-controls-introduced-11567438945?reflink=e2twmkts

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