A move in the peso is 'unavoidable': Markets brace for Argentina's presidential primary

  • 📰 CNBC
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Sunday's primary election ballot is seen as a key gauge for the first round of Argentina's presidential elections in late October.

The question for investors ahead of the vote, according to Abhijit Surya, country analyst at the Economist Intelligence Unit , is how big the voter margin will be between Macri and Fernandez.Argentina's presidential election is expected to go to a possible run-off between center-right incumbent President Mauricio Macri and the opposition ticket of center-left Alberto Fernandez and populist ex-leader Cristina Fernandez de Kirchner.

Voters will choose among 10 presidential candidates on Sunday, though the main political parties have already established their leaders, making the primaries — known as the PASO — a nationwide poll on how the political rivals are faring less than 80 days before the first round of the presidential vote."The primaries are a very accurate indication of what will happen on 27 October," Carla Selman, senior Latin America analyst at IHS Markit, told CNBC via email on Friday.

Alberto Fernandez, presidential candidate for the Citizen's Unity Party, center left, and Cristina Fernandez de Kirchner, former president of Argentina, center right, wave to attendees during their first campaign event in Merlo, Argentina, on Saturday, May 25, 2019.Argentina's central bank has been given greater leeway to intervene in currency markets in recent months, in order to prevent dramatic swings in the peso's value.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

GekkoLeeson ¿Macri's painful economic reforms? ¿Austerity? De algo me perdí 🤔

GekkoLeeson Puedo completar la frase misleading digna de Pagina 12 que tiraron en el tweet? But, he warned some movement in currency markets would be “unavoidable” after Sunday’s primaries, with a better-than-expected result for Fernandez likely to trigger downward pressure.

Quote... Don't Cry For Me Argentina....

Democratics dissolution of the state assembly

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:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sunday vote to show how likely Argentina is to stay on Macri's free-markets pathArgentina's election primary on Sunday will determine President Mauricio Ma... Serious article. Thanks from Argentina. I vote F&F. Macri destroyed Argentina's economy. He did not taken good results of Kirchner's government and did not improve bad desitions of that period. Macri did it for the worse. CasaArgentinaAR Macri see you in the hell
Source: Reuters - 🏆 2. / 97 Read more »

Not sure what to do amid this market volatility? Here are the answers to your top questionsNot sure what to do amid this market volatility? Here are the answers to your top questions. investinyou (In partnership with acorns.) buy puts in Jim Cramer's favorite companies acorns With the PE Ratio at around 17 the market looks pretty good to me still...
Source: CNBC - 🏆 12. / 72 Read more »

Allies of 'the squad' brace for potential primary challenges'When the resistance wins, the empire always finds a way of striking back, so we want to be prepared,' said Working Families Party head Maurice Mitchell. Working Families Party is a orginization that promotes Democratic Socialism. Someone should remind this gang inside of Congress that SOCIALISM IS HOW THE AMERICAN PRISON SYSTEM IS RUN. One could have predicted challengers for these articulate, intelligent, highly motivated women: their commitment has to threaten those who fear change even when needed as much as Washington needs it now! I applaud the WFP for appreciating the importance of these women’s voices ! menstrualsquad
Source: MSNBC - 🏆 469. / 51 Read more »

Lyft will move double digits on earnings, says the options marketOptions traders are expecting a big move in Lyft when it reports earnings Wednesday afternoon for only the second time as a publicly traded company. 👀👀👀
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks paralyzed, bonds electrified by recession riskAsian shares braced for more volatility on Thursday as eye-catching easings by c... Was it a difficult choice deciding on which picture to use for this story?
Source: Reuters - 🏆 2. / 97 Read more »

When It Comes To Oil Prices Today, It's China, China, ChinaThe oil market moves today based on President Trump's tweets about trade negotiations and China's responses to U. S. actions. Wonder how much oil techtonic plates really need to slide across each other without causing heat friction 一脸的狡诈 you can't discount the liberal bias inherent in the world view of today's traders... what once was irrational exuberance is now irrational skepticism.
Source: Forbes - 🏆 394. / 53 Read more »