# Argentine Peso Ends Higher After Central Bank Sells Dollars

> 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.

- Date: 2019-08-21 · published 2019-08-21T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/57877-argentine-peso-ends-higher-after-central-bank-sells-dollars
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Central bank intervention temporarily supports the peso, but the underlying instability keeps Argentine export pricing volatile for soymeal buyers.

## Read by commodity

- USDARS: neutral

## Sources

- voanews.com: https://www.voanews.com/a/americas_argentine-peso-ends-higher-after-central-bank-sells-dollars/6174274.html

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