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Argentina's central bank bought $190 million in foreign exchange over the past week to weaken the peso, after a run last year halved its value. The peso had strengthened past the limit of the IMF-agreed band, prompting five consecutive days of intervention.
A sustained policy push to weaken the peso raises the local-currency cost of dollar-priced imports for Argentina and adds volatility to its feed and grain export economics.
business-standard.comReutersJan 18, 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.
