Chicago soybean futures decline following a short-lived rally prompted by covering of short positions. Anticipated ample supplies from South America exert downward pressure. Chicago soybean prices dipped after reaching their highest point in nearly three weeks on Monday, as the anticipation of plentiful supplies from South America constrained further price increases. Meanwhile, corn experienced its […]
In a dramatic move to tackle its economic crisis, Argentina’s newly-elected President Javier Milei has introduced a series of groundbreaking reforms, triggering a sharp devaluation of the peso. The currency plunged 118%, opening at 799.9 ARS against the dollar, per TradingView data, after Economy Minister Luis Caputo announced a significant exchange rate cut from 366 […]
In a pivotal move on Wednesday, Argentina’s central bank reignited its gradual devaluation strategy after an almost three-month freeze, causing the peso to dip to 352.95 against the dollar. This decision follows a resilient stance at 350 since mid-August, initiated after a primary election-induced currency crisis. According to Gabriel Rubinstein, Secretary of Economic Policy, the […]
The value of the Argentine peso has fallen to historic lows as a result of a sharp decline. On December 23, local media reported that one of the unofficial, or “blue dollar,” exchange rates between the currency and the U.S. dollar had risen to 340 pesos. This represents a 5-month low for the peso following […]
Authorities of Mendoza in Argentina have announced plans to allow about two million residents to pay taxes or government fees using Stablecoins, such as Tether (USDT) and Dai (DAI). A spokesman for the authorities explained: “This new service is part of the strategic objective of modernization and innovation carried out by the Mendoza Tax Administration […]
