# Peso closes at $40.71 to the dollar as demand for US currency spikes | Buenos Aires Times

> The Argentine peso fell 2.8% against the dollar on Wednesday, briefly passing 41 pesos per dollar before closing at 40.71, its weakest level in four months. The peso has depreciated about 9% since December 31, and the move came after two months of relative calm. The IMF-backed intervention ceiling is 49 pesos per dollar.

- Date: 2019-02-20 · published 2019-02-20T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/60883-peso-closes-at-40-71-to-the-dollar-as-demand-for-us-currency-spikes-buenos
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A weaker peso lowers the dollar cost of Argentine soybean meal, corn and other exports, which can add pressure to CBOT meal and corn prices. Feed buyers should watch for farmer selling and export pricing shifts if the depreciation continues.

## Read by commodity

- USDARS: bullish ▲

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/dollar-spikes-peso-closes-at-4171-to-us1.phtml

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