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Argentina's peso strengthened on April 29 after the central bank eased limits on its foreign-exchange interventions. The currency closed 3.56% stronger at 44.37 per dollar.
The IMF publicly backed the measures, which allow sales of dollars below the 51.448 peso threshold that the standby deal had previously barred.
IMF backing reduces the risk of a disorderly peso collapse, which supports stability for Argentina's agricultural exporters. Stable exchange rates help keep Argentine soymeal and corn export pricing steady for importers.
en.mercopress.comApr 30, 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.
