Argentine Peso Swings Ease on Record Soybean Harvest
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Argentine currency traders are reducing expectations for peso fluctuations to the lowest since March as a record soybean harvest swells export revenue in South America’s second-biggest economy.
One-month implied volatility on peso options fell to 3.75 percent from 5.85 percent a month ago and 6.25 percent in May. The measure, which reflects investors’ expectations of future price swings in the peso, is the lowest among the six most- traded Latin American currencies.