# Argentina to extend currency band in 2019

> 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.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/62318-argentina-to-extend-currency-band-in-2019
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: neutral

## Sources

- freshplaza.com: https://www.freshplaza.com/north-america/article/9039828/argentina-to-extend-currency-band-in-2019/

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