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Central bank president Federico Sturzenegger said Argentines should expect volatility in the exchange rate after the US dollar hit a record above 20 pesos. The bank had been selling about $20 to $30 million daily to hold the rate, and about $50 million mid-week.
Reserves stood near $62 billion.
Peso volatility and central bank dollar sales affect the local-currency cost of Argentine grain and oilseed exports, which can shift farmer selling pace and export pricing.
en.mercopress.comMar 8, 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.
