The Argentine peso plunged Monday after a 52-year-old anti-establishment candidate who admires former President Donald Trump came first in primary elections that will help determine the country’s next president.
It’s less that he is causing it directly and more that many institutions are aware that far right leaders gaining power is rarely good for a nation so they pulling assets already
This is completely baseless if not straight up wrong, Peso Plummeted the exact same way in the elections 4 Years ago when Candidate of the Populist Left Alberto Fernandez won the PASO and furthermore the primary elections against President at the time (and also Candidate for the Left) Mauricio Macri
It’s less that he is causing it directly and more that many institutions are aware that far right leaders gaining power is rarely good for a nation so they pulling assets already
This is completely baseless if not straight up wrong, Peso Plummeted the exact same way in the elections 4 Years ago when Candidate of the Populist Left Alberto Fernandez won the PASO and furthermore the primary elections against President at the time (and also Candidate for the Left) Mauricio Macri