# The Argentine Peso responds to central bank measures sponsored by the IMF — MercoPress

> 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.

- Date: 2019-05-01 · published 2019-05-01T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/59366-the-argentine-peso-responds-to-central-bank-measures-sponsored-by-the-imf
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: neutral

## Sources

- en.mercopress.com: https://en.mercopress.com/2019/05/01/the-argentine-peso-responds-to-central-bank-measures-sponsored-by-the-imf

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