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Argentina's central bank raised its key interest rate by 3 percentage points to 30.25% in a surprise move, days after holding rates. The peso recovered its losses for the day after the decision, and strategists expect another hike if the currency resumes its selloff.
Higher Argentine rates support the peso, which lowers the cost of imported feed inputs in pesos, but further tightening could weigh on domestic demand for feed and livestock.
bloomberg.comCarolina MillanApr 28, 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.
