# Argentina seeks market makers to help stabilize the peso: sources

> Argentina's central bank is seeking market makers, dealers who agree to buy and sell at set prices, to add liquidity to the exchange market. The move follows a sharp peso fall that hit a record low of 42.5 per dollar in thin trading. The sell-off was driven by doubts about the economy and political uncertainty ahead of October elections.

- Date: 2019-03-15 · published 2019-03-15T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/60374-argentina-seeks-market-makers-to-help-stabilize-the-peso-sources
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A more stable peso could ease pressure on Argentine feed and grain costs and on export pricing for soymeal and corn. Continued currency volatility would keep Argentine export-sellers holding back sales, which can support world soymeal prices.

## Read by commodity

- USDARS: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-argentina-currency/argentina-seeks-market-makers-to-help-stabilize-the-peso-sources-idUSKCN1QW2H3/?il=0

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