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The peso closed at 28.85 per dollar on Friday, a daily depreciation of 2.53% and a loss of about 35% in the first half of the year. Argentine equities fell 2.8% amid weak manufacturing and construction data and a utilities rate-freeze decision.
A sharp currency slide and capital flight increase Argentine economic stress, which can push local grain sellers to accelerate exports and affects regional oilseed and meal pricing.
en.mercopress.comJun 30, 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.
