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The US dollar rose about 3.7% against the Argentine peso on November 26, 2018, with wholesale trades near AR$39 and retail quotes around AR$40. The central bank said the move was within the acceptable floating range and did not require intervention, attributing it to peso flows from maturing LEBAC bonds.
Peso volatility shifts the export economics of Argentine soybeans and corn, which can change how much supply reaches world markets.
en.mercopress.comNov 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.
