Argentine Peso Dives After President Defeated

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Argentine Peso Dives After President Defeated
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  • 📰 WSJ
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Argentina’s markets were reeling after pro-business President Mauricio Macri was beaten in a primary election that appeared to pave the way for the election of his leftist opponent

The peso weakened about 25% against the dollar in early trading amid investor concerns about the potential return to power of Argentina’s powerful Peronist movement under Alberto Fernandez and his vice presidential running mate, former president Cristina Kirchner.

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