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Argentina's peso fell 15 percent against the dollar in 2017 and dropped nearly 4 percent intraday on Thursday, its worst intraday decline of the year, before recovering some losses. Inflation rose 40 percent last year, and the central bank has kept interest rates high to combat it.
Currency weakness and high inflation in Argentina can alter the dollar cost of its grain and oilseed exports, influencing export competitiveness and world soymeal and corn pricing. The effect is indirect and moderate.
money.cnn.comPatrick GillespieDec 29, 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.
