# GlobalSource Partners | Recent peso depreciation may boost recovery if

> 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.

- Date: 2017-08-05 · published 2017-08-05T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/69746-globalsource-partners-recent-peso-depreciation-may-boost-recovery-if
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bullish ▲

## Sources

- globalsourcepartners.com: https://www.globalsourcepartners.com/posts/recent-peso-depreciation-may-boost-recovery-if-the-central-bank-does-not-overreact/teaser

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