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Capital Economics says the Argentine peso has further room to fall. The note is brief and gives no specific figures in the extracted text.
A weaker peso lowers Argentina's dollar cost of soybean and meal exports, which can encourage farmers to sell and add supply to world soy complex markets.
capitaleconomics.comCapital Economics EconomistJul 21, 2017Not enough comparable past events yet for a historical read.
After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.
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.
