Peso Argentino And Argentine Markets Fall After Primary Elections Give "Peronist" Alberto Fernandez, Cristina Kirchner Margin Sufficient To Win October Ballot Outright

Primary elections in Argentina on Sunday returned results that gave the "Peronist" ticket of Alberto Fernandez and Cristina Kirchner sufficient votes to win the October general election outright if yesterday's performance is repeated. This has been met with a 14.5 percent fall of the Peso Argentino against the USD, while the brief narrowing of the buy/sell spead of the Peso Argentino in Uruguay has been blown open with exchanges in Uruguay advertising spreads as wide as 0.50/1.15 (archived). Argentina's stock market has suffered today as well.

In a development less clearly connected to Argentina's electoral/economic disaster, the twitter account of Prefectura Naval Argentina was "hacked" to broadcast an hoax alert claiming a British missile attack had killed 27. In the incredibly unlikely event a new Falklands conflict opened up again between Argentina and Queen Elizabeth's forces, the largest open question is which of the two combatants declined more in the intervening decades.

2 thoughts on “Peso Argentino And Argentine Markets Fall After Primary Elections Give "Peronist" Alberto Fernandez, Cristina Kirchner Margin Sufficient To Win October Ballot Outright

  1. AS MP ain't going back, there's ~0 keeping her from the win.

    • I don't see the problem with that. Cristina now has an actual "Sword of Damocles" set to cart her ass off to prison if she spends so much as a day not being elected to an office granting her immunity to the local courts. There's probably ~0.1 or so chance this stick hitting them today might correct them, but… "Modern Demoocrissy" and all that.

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