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Argentina's official dollar reached its highest level of the year, and the country risk index rose above 800 points. The move came as markets reacted to global risk aversion and a lack of clear domestic political catalysts.
A weaker peso raises the cost of imported feed inputs and makes Argentine exports cheaper in dollar terms. Higher country risk also tightens financing for the grain and oilseed trade.
Not 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.