# Argentine central bank anticipates volatility in the money exchange market — MercoPress

> 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.

- Date: 2018-03-08 · published 2018-03-08T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/66281-argentine-central-bank-anticipates-volatility-in-the-money-exchange-market
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: neutral

## Sources

- en.mercopress.com: https://en.mercopress.com/2018/03/08/argentine-central-bank-anticipates-volatility-in-the-money-exchange-market

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