Argentina market analysts see silver lining in Peronist election win

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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.

 

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