Argentine peso rises after Macri allies' strong showing in mid-term election

Argentine peso rises after Macri allies' strong showing in mid-term election”

The ruling coalition of center-right President Mauricio Macri won most votes in Argentina's parliamentary elections according to the forecast, the France press reported.

The question is whether traders listened to those polls last week and priced in President Mauricio Macri's coalition gaining seats in Congress and winning the key senate spot for Buenos Aires province.

In a widely-watched race, Esteban Bullrich, Macri's former education minister and ally, beat the president's left-leaning predecessor, Cristina Fernandez de Kirchner, with 42.7 percent versus 36 percent in the capital, preliminary results showed.

Cambiemos won about 40 percent of the votes, with Fernandez's Front for Victory party receiving about 30 percent.

"We believe in the need to unite all the different political forces that believe this political and social model of austerity will only cause pain to most of the population", she said after the votes were counted.

The voting's preliminary results also show that candidates supporting Argentina's government have a lead in the parliamentary election in the city of Buenos Aires and the largest regions of the country.

Many of those measures contributed to inflation and economic contraction past year, prompting Macri to tread lightly in other areas to avoid a political backlash that could have doomed his presidency. No party is expected to get an outright majority, but Mr. Macri's coalition is likely to pick up several seats in both chambers.

Like this



11 April 2018
England All-rounder David Willey Replaces Kedar Jadhav
He has two centuries and seven half centuries to his name, which have come while playing in various T20 leagues across the world. With an experience of more than 140 T20 matches, David will prove out to be the Trump Card of Chennai Super Kings this season.

29 March 2018
Max Polyakov: The Knowledge Economy and its Opportunities for Businesses
Knowledge should be the fundamental aspect of any production process, as well as it should be used in every technological process. Furthermore, the USA accounts for more than a quarter of the world economy (24.8%); the cash equivalent is about 18 trillion USD.

23 October 2017
Barrick Gold Corp (ABX) Earns "Market Perform" Rating from BMO Capital Markets
Commerzbank Aktiengesellschaft FI increased its stake in shares of Barrick Gold Corporation by 34.2% in the second quarter. Arlington Capital Management Inc. increased its stake in shares of Barrick Gold Corporation by 4.6% in the second quarter.

23 October 2017
Man accused of stalking young siblings in Crown Heights
The bus driver told the man he was not on the list of approved guardians allowed to pick up the boy and threatened to call the police.

23 October 2017
Conor Hourihane Assists John Terry's First Aston Villa Goal
He then added: "We are just about starting in the Championship for me". For me the big clubs need to service some smaller clubs.

23 October 2017
CIA Takes More Aggressive Role in Afghanistan
You pick the word. "This is unforgiving, relentless...we have to be focused on crushing our enemies". But Trump said in August that he would loosen restrictions on hunting down militants.

23 October 2017
National Anthem in cinema halls may soon become optional
As reported by Scroll, in its order the court said that one need not stand up for the national anthem in cinemas to prove their patriotism.

23 October 2017
Sask. RCMP shoot man dead after police vehicle rammed
According to eye witnesses, a white sedan rammed into the police vehicle then they could hear yelling between the driver and RCMP. Shortly afterwards, they said they saw three ambulances on site and watched as a man was taken away to hospital.

26 September 2017
Explore Fort Tilden State Park: An Abandoned New York City
As you approach the boat graveyard, as its name is, there are about more than 100 extinct vessels that rest in the relative peace. But in the recent years, it had gone from an obscure stretch to a favorite destination among the beachgoers and lovers as well.

23 June 2017
Marvel Looks To Shake Its Poor Gaming Reputation
The games are well designed with attractive graphics and extensive content, but neither is viewed as a flawless experience. These games tend to be actually well done for what they are, and in a way they’ve been the pride of Marvel gaming.