# Volatility Is Back in Argentina as Election Jitters Take Toll - Bloomberg

> Argentine markets are showing renewed volatility as investors grow anxious ahead of a primary vote scheduled for next month. The peso and bonds had recently stabilized after months of turmoil that pushed the currency sharply lower and borrowing costs higher. Speculation that leftist candidates may perform strongly ahead of October's presidential election is driving the renewed angst.

- Date: 2019-07-26 · published 2019-07-26T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/58358-volatility-is-back-in-argentina-as-election-jitters-take-toll-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Peso weakness and higher Argentine borrowing costs raise the cost of Argentine exports for buyers paying in dollars, which can shift soymeal and corn export flows and pricing. A leftist election result could also signal policy risk for Argentine grain and oilseed exporters.

## Read by commodity

- SBM: neutral
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-04-22 | [Argentina's surprise peso strength tempers fears of inflation comeback \| Reuters](https://feedsoft.ai/events/25426-argentina-s-surprise-peso-strength-tempers-fears-of-inflation-comeback-reuters.md) | -2.2% | -1.7% |
| SBM | 2022-08-02 | [Argentina’s Cash Needed to Avert Devaluation is Drying Up](https://feedsoft.ai/events/40324-argentina-s-cash-needed-to-avert-devaluation-is-drying-up.md) | +1.9% | -2.0% |
| SBM | 2023-04-27 | [Argentina seeks to tame inflation, peso with biggest rate hike since 2019 \| Financial Post](https://feedsoft.ai/events/36673-argentina-seeks-to-tame-inflation-peso-with-biggest-rate-hike-since-2019.md) | -0.7% | -6.2% |
| SBM | 2018-08-31 | [Argentina peso firms as central bank intervenes, IMF voices support](https://feedsoft.ai/events/63818-argentina-peso-firms-as-central-bank-intervenes-imf-voices-support.md) | +4.2% | +1.3% |
| SBM | 2020-03-03 | [President Fernandez tries to slay Argentina’s inflation dragon \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/54375-president-fernandez-tries-to-slay-argentina-s-inflation-dragon-business-and.md) | -1.9% | +7.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-07-26/volatility-is-back-in-argentina-as-election-jitters-take-toll

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