# Argentine peso closes stronger after Macri, Fernandez have 'good dialogue' | United Kingdom

> Argentina's peso closed 0.65% stronger at 59.60 per US dollar on Monday after the presidential election won by Peronist candidate Alberto Fernandez. The black market rate briefly hit a record low before recovering, and country risk rose during the day.

- Date: 2019-10-29 · published 2019-10-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/56859-argentine-peso-closes-stronger-after-macri-fernandez-have-good-dialogue-united
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A firmer official peso after the election eases near-term pressure on Argentine exporters, but the parallel-market gap and rising country risk signal ongoing instability for trade pricing.

## Read by commodity

- USDARS: bearish ▼

## Sources

- uk.headtopics.com: https://uk.headtopics.com/news/argentine-peso-closes-stronger-after-macri-fernandez-have-good-dialogue-9217692

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