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Argentina's peso rose 0.86% against the dollar on Monday to 17.65 per dollar, its sharpest one-day gain since April. The central bank had sold $305 million in reserves on Friday to halt a slide to a record low of 17.80.
The peso closed July down 5.8%.
A firmer peso lowers the local-currency cost of Argentine exports such as soymeal and corn, which can ease pressure on world prices. The effect is limited because the rebound followed a sharp July decline.
en.mercopress.comAug 1, 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.
