He argentine peso opened this Monday with a strong appreciation against the dollar after the resounding victory of the president Javier Miley in the mid-term legislative elections. This according to the data of the Nation Bank in that country.
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In just half an hour of operations, the selling wave made raise the Argentine currency 9.5% with respect to the previous legislative elections.
The price cools weeks of a barely contained exchange rate run with the announcement of a millionaire financial aid from the United States government. in which the president Donald Trump had conditioned an electoral victory for his ally.
At Banco Nación, the Argentine currency It was quoted at 1,370 pesos per dollar American, compared to 1,515 at Friday’s close.
The government of Milei obtained strong support on Sunday with 40.7% of the votes. All this in the face of a Peronism dispersed in several lists that garnered 31.7%.
Although the victory did not allow him to add the necessary seats to have a majority in Congress, it will provide him with sufficient numbers to promote reforms in the two years of his remaining mandate. Mainly in areas such as labor, tax and pensions.
It also gives him the necessary number to block an eventual impeachment request and leaves him better positioned. to obtain alliances for their initiatives.
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The government of The United States had promised up to 40 billion dollars in financial aid, although Donald Trump had conditioned those lifelines on a Milei victory at the polls.
(With information from AFP)
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