# Argentina peso firms as central bank intervenes, IMF voices support

> Argentina's peso firmed slightly on Friday after the central bank auctioned $250 million in dollar reserves and the IMF voiced strong support for President Macri's government. Protests over budget cuts and inflation above 30 percent continued, and S&P revised its outlook on Argentina to negative.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/63818-argentina-peso-firms-as-central-bank-intervenes-imf-voices-support
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Argentina is a major soymeal and corn exporter, so currency instability and austerity can shift farmer selling pace and export offers, adding volatility to South American meal and grain pricing.

## Read by commodity

- SBM: neutral
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | +3.0% | +4.7% |
| SBM | 2018-08-31 | [IMF vows ‘full support’ for Argentina amid economic crisis \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/63824-imf-vows-full-support-for-argentina-amid-economic-crisis-business-and-economy.md) | +4.2% | +1.3% |
| SBM | 2019-08-27 | [Brazil central bank to continue FX intervention on Wednesday as real nears record low - The Business Times](https://feedsoft.ai/events/57788-brazil-central-bank-to-continue-fx-intervention-on-wednesday-as-real-nears.md) | -1.7% | +0.8% |
| SBM | 2024-06-12 | [Argentina economy snapshot: central bank dollar buying spree slows](https://feedsoft.ai/events/30079-argentina-economy-snapshot-central-bank-dollar-buying-spree-slows.md) | +0.8% | +2.6% |
| SBM | 2025-01-30 | [Brazil central bank hikes rates by 100 bps, confirms same in March](https://feedsoft.ai/events/26712-brazil-central-bank-hikes-rates-by-100-bps-confirms-same-in-march.md) | -0.5% | -4.8% |

## Sources

- zeebiz.com: https://www.zeebiz.com/agencies/argentina-peso-firms-as-central-bank-intervenes-imf-voices-support-61737

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