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Argentina's country risk index rose three points to 808 basis points on Tuesday, staying at its highest level in over a year, as Argentine dollar bonds fell in New York. The official retail dollar opened stable at about 1,565 pesos, a nominal record, after the central bank declined to buy dollars the previous day.
Rising country risk and a record retail dollar signal stress on Argentine assets and a weaker peso, which can raise the cost of imported feed inputs priced in dollars.
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.