US EditionArgentina: Dollar Jumps After Sunday's Midterm Elections in BA Province
20 Articles
20 Articles
After La Libertad Avanza (LLA) lost to Peronism the Buenos Aires legislative elections, the markets pronounced themselves: the dollar rose and Argentine bonds collapsed on Wall Street. Economist Santiago Bulat was in LN+ to analyze the economic scope of that election result. "Markets expected a defeat from LLA, but not because of such a big difference," he said. Economist Santiago Bulat in LN+“Today the only one that has fire power is the BCRA, …
Argentina: Dollar jumps after Sunday's midterm elections in BA province
The results of Sunday's midterm elections in the Argentine province of Buenos Aires pushed the US dollar above the AR$1,400 cap, given the poor performance of President Javier Milei's La Libertad Avanza (LLA) and, with it, the resurrection of Peronism-Kirchnerism. In addition, Argentine stock abroad fell sharply, coupled with a spike in the country's risk rating.
The roof of the band is $1,470, this quotation is linked to the wholesale price.The currency rises $105 in the banks.The electoral defeat of the ruling party dyes red to the markets.
The dollar climbs almost to the roof of the exchange rate band, while the papers collapse around 20% on Wall Street and the Merval falls by 13%. Debt bonds suffer losses of up to 17%. Minister Caputo arrived at Casa Rosada to meet Milei.
The automotive market started September with several doubts after the large fall of La Libertad Avanza against Fuerza Patria in the legislative elections of the province of Buenos Aires and the shot of the dollar that took place this Monday in Argentina. In this context, the motorists are on alert, watching with attention the volatility of the exchange rate, the high interest rates and how the demand for the sale of cars in real time behaves 0 k…
The automotive market started September with several doubts after the wide fall of La Libertad Avanza against Fuerza Patria in the legislative elections of the province of Buenos Aires and the shot of the dollar that took place this Monday in Argentina. In this context, the motorists are in a state of alert, watching with attention the volatility of the exchange rate, [...] The post The rise of the dollar after the elections: the motorists, in a…
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