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Economist Domingo Cavallo says Argentina's economy is recovering faster than forecasters expected in June and July. The peso's devaluation brought the nominal exchange rate to purchasing power parity by the end of July.
Inflation has stayed near half its H1 2016 average, but has not reached the central bank's target.
Continued peso weakness supports Argentine export competitiveness and could lift Argentine soymeal and corn offers. The price effect depends on whether the central bank holds interest rates steady.
globalsourcepartners.comDomingo CavalloAug 5, 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.
