# Argentina's peso rises even as strike hobbles public services

> Argentina's peso rose briefly against the dollar on April 30 after the central bank loosened its currency intervention rules. The peso opened 1.12% stronger at 43.60 per dollar before settling near Monday's close of 44.40. The move followed a 3.56% surge on Monday, when the bank unveiled the new measures amid a grinding recession.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/59866-argentina-s-peso-rises-even-as-strike-hobbles-public-services
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A more active central bank defending the peso reduces near-term currency stress for Argentina, a major soymeal and corn exporter, which can slow forced dollar-driven export selling. The effect on feed prices is indirect and likely modest.

## Read by commodity

- USDARS: bearish ▼

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/argentinas-peso-rises-even-strike-145549481.html

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