# Argentine stocks and the Peso strengthen following Sunday primary results — MercoPress

> Argentine stocks rose and the peso strengthened more than 3% on Monday after mid-term primary results. President Macri's candidate Esteban Bullrich narrowly led Cristina Fernandez for a Senate seat in Buenos Aires province. Investors read the result as strengthening Macri's position for the October vote.

- Date: 2017-08-15 · published 2017-08-15T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/69747-argentine-stocks-and-the-peso-strengthen-following-sunday-primary-results
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A firmer peso and lower default risk improve Argentina's ability to keep exporting soymeal and corn at competitive prices. The effect on world feed markets is modest because the currency moved after a domestic political event.

## Read by commodity

- USDARS: bearish ▼

## Sources

- en.mercopress.com: https://en.mercopress.com/2017/08/15/argentine-stocks-and-the-peso-strengthen-following-sunday-primary-results

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