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Argentina's central bank bought US$50 million at an average of 37.597 pesos per dollar on Tuesday to keep the peso inside an IMF-agreed trading band. The peso still appreciated 1.33% to about 37.50 per dollar after the intervention.
Central bank dollar buying signals an effort to weaken the peso, which raises the cost of Argentine dollar-linked imports and can shift demand for regional feed and grain flows.
en.mercopress.comJan 23, 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.
