# Argentine Peso Is the Global Leader on Macri Election Choice - Bloomberg

> The Argentine peso rose 2.4% to 43.67 per dollar on Wednesday, the best performing currency globally that day, after President Mauricio Macri named an opposition leader as his running mate for October's election. Argentina's century bonds also rallied, with yields falling to 9.72%.

- Date: 2019-06-12 · published 2019-06-12T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/58865-argentine-peso-is-the-global-leader-on-macri-election-choice-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Political stabilization in Argentina strengthens the peso, which lowers the local-currency cost of Argentine soymeal and corn exports and can slightly weigh on Argentine export prices in dollar terms.

## Read by commodity

- USDARS: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-06-12/argentine-peso-unaccustomed-global-leader-on-surprise-macri-move

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