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Argentina's black market peso fell 12% to 1,045 per dollar on Tuesday, the first trading day after libertarian Javier Milei won the presidential election. Local stocks and bonds jumped on expectations of a more market-friendly economic policy.
A stronger official-market outlook under Milei could ease currency controls and reduce Argentina's import and feed costs over time, while devaluation and dollarization fears keep near-term uncertainty high for Argentine soymeal and grain exporters.
reuters.comMarc JonesNov 21, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
