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Argentina's central bank says it has enough dollar reserves to meet a surge in demand if uncertainty ahead of October's presidential election triggers another run on the peso. The bank has about US$14 billion available, including reserves that could be used for intervention.
Investors returned to pesos this year after the currency stabilized following a 2018 collapse.
Political risk could weaken the peso sharply before the election, which would lower Argentine export prices for soymeal and corn. Feed buyers should track election polling for possible currency volatility.
en.mercopress.comFeb 2, 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.
