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Argentines sold more dollars than they bought in November for the first time in nearly five years, with net sales of $107 million, after the government stabilised the peso with support from a $56 billion IMF bailout. The peso has still lost more than half its value this year.
Feed buyers importing Argentine-linked products face a currency that is stabilising, which can ease import costs and support Argentine export selling of soy products, though the peso's deep 2018 losses still matter for exporter margins.
gulf-times.comBloomberg/Buenos AiresDec 30, 2018Not 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.
