Argentina market analysts see silver lining in Peronist election win

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Explore stories from Atlantic Canada.

Cooking Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingshortsBUENOS AIRES - A surprise first place for Argentina's ruling Peronists in a general election on Sunday could calm market fears about a runaway win for libertarian radical Javier Milei who has pledged to dollarize the economy and shut the central bank.

The peso currency has been volatile in the run-up to the election, with the dollar trading for near 1,000 peso in popular parallel markets with Argentines restricted from accessing greenbacks at the tightly controlled official rate of 350 pesos. A local market operator, who asked not to be named, agreed there would likely not be a big market slide on Monday.

The result meant that Together for Change mainstream conservative Patricia Bullrich, the establishment candidate popular with business, drops out of the race, with a close battle still to be fought between Massa and Milei.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in CA

Canada Canada Latest News, Canada Canada Headlines