# Argentine Peso rises against the US dollar as Central Bank shows its muscle — MercoPress

> 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%.

- Date: 2017-08-01 · published 2017-08-01T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/69744-argentine-peso-rises-against-the-us-dollar-as-central-bank-shows-its-muscle
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- en.mercopress.com: https://en.mercopress.com/2017/08/01/argentine-peso-rises-against-the-us-dollar-as-central-bank-shows-its-muscle

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