“Argentina has midterm elections in November and local investors have started purchasing dollars to protect themselves from the volatility that comes with political uncertainty. Also, seasonal dollar sales by crop exporters end in July, reducing the supply of dollars and adding to pressure to the country’s foreign currency rates.”
https://www.batimes.com.ar/news/economy/argentina-spawns-another-fx-rate-as-government-clamps-down-q.phtml
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