Loading…
The peso rallied on April 29 after the Central Bank said it would step up intervention, its fourth monetary policy change in six weeks. The currency gained as much as 4.4% before easing to 44.85 per dollar.
The bank also said it would sell up to $250 million per day if the peso weakens beyond 51.4, up from $150 million.
Stronger support for the peso reduces the pressure on Argentine exporters to sell grain and meal quickly. Feed buyers may see slightly steadier Argentine export offers, though the commodity price impact is limited.
batimes.com.arJames GraingerApr 29, 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.
