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Argentina's central bank made no dollar purchases on the first trading day of November, after buying US$1.395 billion in October. Gross reserves rose US$879 million to US$50.441 billion, while the wholesale dollar hit a new nominal high.
Pausing dollar purchases and a record wholesale dollar point to continued peso pressure, which affects the cost of imported feed ingredients for Argentine buyers.
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.