# Argentine forex market volatility: Central bank intervenes to prop the dollar, first time in seven months — MercoPress

> 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.

- Date: 2019-01-11 · published 2019-01-11T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/61369-argentine-forex-market-volatility-central-bank-intervenes-to-prop-the-dollar
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bullish ▲

## Sources

- en.mercopress.com: https://en.mercopress.com/2019/01/11/argentine-forex-market-volatility-central-bank-intervenes-to-prop-the-dollar-first-time-in-seven-months

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