# Argentina's peso extends rally on high-yield bond sales

> The Argentine peso rallied for a second straight day after the central bank issued short-term bonds at high interest rates to absorb liquidity in the thin foreign exchange market. The peso closed 3.67% stronger at 38.15 per dollar, up 8.26% since the start of the week. The central bank sold $1.398 billion in seven-day Leliq notes at an annual rate of 69.465%.

- Date: 2018-10-02 · published 2018-10-02T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/62820-argentina-s-peso-extends-rally-on-high-yield-bond-sales
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Argentina's currency turmoil and high domestic rates shape local feed demand and import costs, but the story has little direct effect on global grain or meal prices.

## Read by commodity

- USDARS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/argentina-economy/update-5-argentinas-peso-extends-rally-on-high-yield-bond-sales-idUSL2N1WI0GW/

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