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Analysts expect the Argentine peso to slip considerably as election uncertainty comes to the forefront in the coming months. The economy is forecast to show no growth this year, and real interest rates near 25% are seen making central government debt unsustainable.
Expected peso weakness would raise the local cost of dollar-priced inputs and imports, while political and debt risk can drive capital outflows that add volatility to Argentine feed and grain trade.
forbes.comKenneth RapozaJan 24, 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.
