# Argentina's Fernandez to face trial in state fraud case | AP News

> Argentina's former president Cristina Fernandez is to face trial over an alleged scheme that kept the peso artificially inflated. The state reportedly lost about $4.9 billion at the current exchange rate through the scheme, which allowed buyers to profit.

- Date: 2017-03-23 · published 2017-03-23T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/72255-argentina-s-fernandez-to-face-trial-in-state-fraud-case-ap-news
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The case is a domestic political and legal matter with limited direct effect on feed commodity prices. It may affect peso sentiment and investor confidence in Argentina, which only indirectly influences soymeal and corn export pricing.

## Read by commodity

- USDARS: neutral

## Sources

- apnews.com: https://apnews.com/general-news-33e3ad04303e461aa17ea49dc3da2967

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