# Argentina’s Central Bank Loosens Its Rules for Currency Market Interventions  - WSJ

> Argentina's central bank said it will intervene in the foreign-exchange market to stabilize the peso, overturning its previous non-intervention policy. The change followed several days of volatility that sent the peso sharply lower. The bank also loosened the no-intervention trading band that had been in place since October.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/59867-argentina-s-central-bank-loosens-its-rules-for-currency-market-interventions-wsj
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Central bank intervention limits the peso's slide, which keeps Argentine export farmers selling at more stable local-currency prices. This marginally affects soymeal and corn export competitiveness.

## Read by commodity

- USDARS: bearish ▼

## Sources

- wsj.com: https://www.wsj.com/articles/argentinas-central-bank-loosens-its-rules-for-currency-market-interventions-11556552987

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