# Argentine Peso Slides as More Data Shows Economy Is Slowing - Bloomberg

> 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.

- Date: 2018-11-26 · published 2018-11-26T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/62315-argentine-peso-slides-as-more-data-shows-economy-is-slowing-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-11-26/argentine-peso-slides-as-more-data-shows-economy-is-slowing

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