Loading…
The Argentine peso fell more than 3% on Monday after data showed high interest rates were slowing the economy more than expected. It dropped to 38.8 per US dollar, its largest decline since new IMF-backed central bank policies took effect on October 1, before trimming losses to about 38.5.
A weaker peso lowers the dollar cost of Argentine soymeal and corn exports, which can pressure global soy complex prices. Slowing growth also weighs on domestic demand for feed.
bloomberg.comPatrick Gillespie, Ignacio Olivera DollNov 26, 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.
