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The Argentine peso ended higher after the central bank sold $112 million in reserves through dollar auctions, lifting the currency about 0.5% after steep losses. Officials pledged to defend the peso after it lost 18% the prior week.
Central bank intervention temporarily supports the peso, but the underlying instability keeps Argentine export pricing volatile for soymeal buyers.
voanews.comReutersAug 21, 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.
