# Argentine peso renews record low, country risk stays above 800 points

> The Argentine peso hit a record low of 1,565 per dollar at the open on November 4 before recovering to about 1,549. Country risk remained above 800 basis points, with investors citing a weak economy, political risk and the Middle East conflict pushing up oil prices.

- Date: 2026-11-04 · published 2026-11-04T21:09:50.883Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/80482-argentine-peso-renews-record-low-country-risk-stays-above-800-points
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker peso can lower Argentine farmer selling costs and encourage grain and soymeal export flows, which modestly pressures world soy product prices.

## Read by commodity

- SBM: neutral
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-04-22 | [Argentina's surprise peso strength tempers fears of inflation comeback \| Reuters](https://feedsoft.ai/events/25426-argentina-s-surprise-peso-strength-tempers-fears-of-inflation-comeback-reuters.md) | -2.2% | -1.7% |
| SBM | 2025-04-23 | [Milei Defies Forecasts So Far as Argentina’s Peso Strengthens](https://feedsoft.ai/events/25430-milei-defies-forecasts-so-far-as-argentina-s-peso-strengthens.md) | -1.0% | -1.0% |
| SBM | 2017-07-21 | [Argentine peso has further to fall \| Capital Economics](https://feedsoft.ai/events/70226-argentine-peso-has-further-to-fall-capital-economics.md) | -2.5% | -10.4% |
| SBM | 2023-07-25 | [Argentine IMF concessions risk further fueling red hot inflation](https://feedsoft.ai/events/35332-argentine-imf-concessions-risk-further-fueling-red-hot-inflation.md) | +0.7% | -7.7% |
| SBM | 2020-03-20 | [Latam currencies come off record lows, stocks rally \| Financial Post](https://feedsoft.ai/events/7019-latam-currencies-come-off-record-lows-stocks-rally-financial-post.md) | +2.6% | -8.4% |

## Sources

- elnuevoherald.com: https://www.elnuevoherald.com/noticias/estados-unidos/article317924532.html

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