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.
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