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Argentina's central bank bought US$20 million on Thursday after the peso touched the floor of its no-intervention trading band at 37.355 per dollar. It was the first intervention to prop up the dollar in about seven months.
Renewed central bank dollar buying points to a weaker peso and higher dollar-denominated costs for Argentine importers, which can affect regional feed and grain trade.
en.mercopress.comJan 11, 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.
