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Argentina's central bank bought US$9 million in the spot market on November 4, its first net purchase of the month. Gross reserves rose US$142 million to US$50.435 billion, helped by a gold rally to about US$4,075 an ounce.
The small purchase signals limited official intervention and a stable peso, with a global dollar weakening after US elections. Reserve moves are modest and have little direct effect on grain or meal prices.
c5n.comNov 5, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
