Loading…
Investors awaited the reaction of U.S. markets after Argentina's capital controls, which were imposed over the weekend. Argentine bonds had fallen to record lows on Monday, and some foreign-traded bank shares were tentatively higher.
The peso ended 0.79% weaker in the black market and 0.88% stronger officially, at 63.5 per dollar.
Uncertainty over the controls keeps Argentine financial conditions volatile, which can affect the cost of trade finance for Argentine exports. Feed buyers should watch for changes in export flows.
financialpost.comReutersSep 3, 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.
