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The Argentine peso rose 2.4% to 43.67 per dollar on Wednesday, the best performing currency globally that day, after President Mauricio Macri named an opposition leader as his running mate for October's election. Argentina's century bonds also rallied, with yields falling to 9.72%.
Political stabilization in Argentina strengthens the peso, which lowers the local-currency cost of Argentine soymeal and corn exports and can slightly weigh on Argentine export prices in dollar terms.
bloomberg.comSydney MakiJun 12, 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.
