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A Comafi report says Argentina's real exchange rate has appreciated 6.6% against the Chilean peso and 4.8% against the Brazilian real since late August. The bank argues that holding the dollar stable while Brazil and Chile let their currencies depreciate is eroding competitiveness.
A weaker real makes Brazilian grains, meal and other exports more price-competitive in regional markets. This can shift export demand between Argentine and Brazilian suppliers.
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.