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Central Bank President Guido Sandleris said the bank will extend its currency trading band into 2019 with less frequent intervention. The daily band adjustment is currently 3% and may be slightly lower.
The peso fell 0.2% to 35.55 per dollar in early trading on November 6.
A managed band with less intervention gives the peso more room to move, which affects Argentine export pricing for soy products and the cost of imported inputs.
freshplaza.comNov 6, 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.
