Argentine peso

ARS Curncy (Argentine Peso Spot) 2015-12-17 09-32-19

This is a daily chart of the peso,it is not a  “fat finger” trade. The currency was allowed to float free,it has moved 40% lower vs the dollar today.Some chatter that the government would not allow it to devalue more than 40%,seems to provide a ceiling on Dollar strength/peso weakness.Why so important,literally tons of Soy ,soymeal and corn will be unleashed on export market  as Farmers  there have held onto supplies till this event.Plant in peso> sell in dollar>More profits.

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