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Money managers sold Argentina's Eurobonds after the government imposed capital controls on Monday. The 2028 euro-denominated notes fell 5.1%, and peso futures priced the currency at 59.5 per dollar versus over 65 the previous Friday.
About US$3 billion left foreign currency reserves in two days.
Reserve losses and capital flight limit Argentina's ability to finance imports and maintain trade, which can disrupt feed and grain flows. Analysts expect the controls to last a long time.
batimes.com.arJames GraingerSep 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.
