# Argentina hikes bank reserves; Peso gains 1.9% vs the dollar and settles at 28.3 — MercoPress

> Argentina's central bank raised bank reserve requirements by 3 percentage points, following a similar hike on June 18 and a further 2 points due July 18. The peso gained 1.9% to 28.3 per dollar, its biggest advance since May 15, after tumbling 34% this year.

- Date: 2018-07-03 · published 2018-07-03T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/64302-argentina-hikes-bank-reserves-peso-gains-1-9-vs-the-dollar-and-settles-at-28-3
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Argentina's currency crisis and monetary tightening affect local demand and export pricing for feed-relevant commodities, mainly soymeal and corn exports. A stronger peso can modestly reduce farmer selling pressure, but the main price impact is limited.

## Read by commodity

- USDARS: bearish ▼

## Sources

- en.mercopress.com: https://en.mercopress.com/2018/07/03/argentina-hikes-bank-reserves-peso-gains-1.9-vs-the-dollar-and-settles-at-28.3

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