# Argentina's black market peso slides with eyes on Milei, local equities soar | Reuters

> 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.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/33456-argentina-s-black-market-peso-slides-with-eyes-on-milei-local-equities-soar
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/argentina-markets-buckle-up-reopening-after-milei-election-triumph-2023-11-21/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.