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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.

- Date: 2017-12-29 · published 2017-12-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/67738-thanks-for-visiting-cnnmoney
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- money.cnn.com: https://money.cnn.com/2017/12/29/investing/argentina-peso/index.html

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