Argentina's financial markets traded higher on Monday after opposition and pro market candidate Mauricio Macri's surprisingly strong showing in presidential elections forced as second vote on 22 November.
Argentina's presidential election is headed for a November 22 runoff between incumbent Cristina Fernández chosen successor Daniel Scioli and conservative rival Mauricio Macri, according to results released into early Monday.
Keen to avoid any kind of turmoil, Argentina's high electoral court called on all the parties running in the presidential election on Sunday to be prudent with their public statements on election night and to wait for a clear trend in the results before making any kind of comments that could affect the vote.
Mauricio Macri, Argentina's presidential candidate of the Let’s Change (Cambiemos) opposition coalition said he will continue leading the PRO party whatever the outcome of Sunday’s elections is.
Argentina's presidential candidate Mauricio Macri’s top foreign policy adviser Fulvio Pompeo told British newspaper The Telegraph Argentina will take a less aggressive stance over the Malvinas Islands conflict if the Let’s Change candidate wins Sunday general elections.
President Cristina Fernandez is falling back ahead of Sunday's election, but with great power, and she has the intention of returning to office in the next presidential elections, 2019, said the political analyst and columnist Rosendo Fraga regarding the current political scenario in Argentina. On Sunday Argentines will be electing president, half the Lower House a third of Senate seats, governorships and for the first time Mercosur parliament representatives.
An environment economist graduated in York University could be Argentina's next Economy minister, if the incumbent candidate Daniel Scioli is finally elected next Sunday, or in a runoff a month later. Silvina Batakis, 'the Greek' is currently governor Scioli's economy minister in the province of Buenos Aires and was confirmed for that post this week.
The US dollar in Argentina ended trading on Monday at 9.51 Pesos in banks and foreign exchange agencies while the parallel exchange rate or 'blue' continued to grow and ended 17 cents higher at 16.11 Pesos in underground houses, hitting a new record high.
With less than a week to Argentina's presidential election next Sunday, the latest reliable public opinion polls indicate a very close race with the incumbent and leading candidate hovering very close to the magic 40% of ballots needed to win in the first round and thus avoid a runoff a month later.
Argentina's 25 October presidential election results remain 'uncertain', and with the current percentages from opinion polls, at the very limit, there is a runoff in November, according to Mariel Fornoni, head pollster from Management & Fit.