# Argentine central bank intervenes to support the US dollar: buys US$ 50m — MercoPress

> 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.

- Date: 2019-01-23 · published 2019-01-23T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/61367-argentine-central-bank-intervenes-to-support-the-us-dollar-buys-us-50m
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bullish ▲

## Sources

- en.mercopress.com: https://en.mercopress.com/2019/01/23/argentine-central-bank-intervenes-to-support-the-us-dollar-buys-us-50m

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