# Argentina black market peso falls to weakest in 13 months -traders

> Argentina's black market peso fell 0.82% to 15.95 per dollar on Wednesday, its weakest level in 13 months, while the official rate slipped 0.64% to 15.55. Traders cited concern over a sharp rise in the government's October fiscal deficit.

- Date: 2016-11-23 · published 2016-11-23T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/74094-argentina-black-market-peso-falls-to-weakest-in-13-months-traders
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A weaker peso raises the cost of Argentine exports in dollar terms, which can encourage farmers to sell soybeans, corn and meal, but a falling currency also points to fiscal stress that is not directly bullish for feed prices.

## Read by commodity

- USDARS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/argentina-forex-idUSL1N1DO1RS/?feedName=usDollarRpt&feedType=RSS

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