# Peso bounces back against dollar as Central Bank shifts intervention policy | Buenos Aires Times

> 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.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/59868-peso-bounces-back-against-dollar-as-central-bank-shifts-intervention-policy
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/peso-bounces-back-as-central-bank-shifts-intervention-policy.phtml

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