# Argentines rush to dollar safety as election uncertainty looms | Reuters

> Argentines moved quickly into dollars and other safe assets as uncertainty grew ahead of the election. Sovereign bonds in the local over-the-counter market fell, though the decline slowed.

- Date: 2023-08-16 · published 2023-08-16T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/34875-argentines-rush-to-dollar-safety-as-election-uncertainty-looms-reuters
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Capital flight and dollar hoarding deepen peso weakness and pressure on Argentina's official exchange rate, which can affect the pace of Argentine crop and meal export sales.

## Read by commodity

- USDARS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/argentines-rush-dollar-safety-election-uncertainty-looms-2023-08-16/

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