# Dollar creeps toward 20 pesos | Buenos Aires Times

> The US dollar was trading near 20 pesos at Buenos Aires banks, with selling rates around 19.97 and buying near 19.46. The rise follows the government and central bank easing the 2018 inflation target to 15% and a subsequent interest rate cut.

- Date: 2018-01-31 · published 2018-01-31T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/67267-dollar-creeps-toward-20-pesos-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker peso makes Argentine soybean and meal exports more competitive, which can encourage farmer selling and pressure world soymeal and soybean prices lower.

## Read by commodity

- SBM: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-10-21 | [Argentines are desperate for dollars as bets on devaluation soar \| Buenos Aires Times](https://feedsoft.ai/events/44848-argentines-are-desperate-for-dollars-as-bets-on-devaluation-soar-buenos-aires.md) | +0.4% | +11.5% |
| SBM | 2018-05-15 | [Argentine peso takes fresh hit amid uncertainty  \| Buenos Aires Times](https://feedsoft.ai/events/65311-argentine-peso-takes-fresh-hit-amid-uncertainty-buenos-aires-times.md) | -2.7% | -9.3% |
| SBM | 2024-01-18 | [Why the Argentine peso is slipping through Milei’s fingers \| Buenos Aires Times](https://feedsoft.ai/events/32421-why-the-argentine-peso-is-slipping-through-milei-s-fingers-buenos-aires-times.md) | +1.1% | -3.7% |
| SBM | 2023-04-14 | [Latam FX falls as dollar rises, Peru's sol bucks trend \| Reuters](https://feedsoft.ai/events/36693-latam-fx-falls-as-dollar-rises-peru-s-sol-bucks-trend-reuters.md) | -1.7% | -7.5% |
| SBM | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -8.2% | +3.6% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/dollar-creeps-toward-20-pesos.phtml

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