Loading…
Currency exchange houses in Buenos Aires sold US dollars at 18.34 pesos, an increase of 11 cents and the seventh consecutive decline in the peso. Banks and foreign traders were selling at 18.09 pesos, and the black market rate was 18.38.
Continued peso weakness lowers the dollar cost of Argentine exports, which can encourage faster farmer selling of soybeans and meal and add pressure on world soymeal prices. The move is incremental and mostly reflects year-end dollar demand.
batimes.com.arJayson McNamaraDec 22, 2017Not 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.
