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On April 30, 2019, Argentina's central bank loosened the no-intervention peso trading band it had maintained since October, giving it more room to support the currency. The peso surged 3.56% that day, then slipped back to about 44.40 per dollar, with the measures agreed with the IMF under its $56.7 billion stabilization credit.
Central bank intervention can dampen short-term peso volatility, but the reversal shows limited durability, so import costs for Argentine feed buyers may stay uncertain.
en.mercopress.comMay 1, 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.
