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The peso depreciated about 2.5% against the dollar on Tuesday, closing at 58.66, after the IMF met with presidential frontrunner Alberto Fernandez. Leading stocks lost up to 13% despite a $300 million central bank intervention.
A weaker peso and political uncertainty ahead of the October election increase Argentine export incentives for soy products while raising financing risk for importers of feed inputs.
batimes.com.arJames GraingerAug 28, 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.
