Argentina’s peso tumbles for a second day
Markets fear default and return of interventionist economic policies
13 August 2019 - 22:57
Buenos Aires — Argentina’s peso closed weaker again on Tuesday following a second day of market turmoil triggered by opposition candidate Alberto Fernandez’s landslide victory in a primary election that dealt a severe blow to President Mauricio Macri’s re-election chances.
The peso closed 4.29% lower at 55.9/$ after touching 59/$ earlier. The currency had hit an all-time low on Monday of 65/$, a drop of 30%, on fears that a Fernandez government could take Argentina back to interventionist economic policies...
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