Argentina's currency collapsed 30.3% to a record 65 Pesos to the US dollar while government bonds sold off steeply on Monday after the country’s market-friendly, President Mauricio Macri, performed worse than expected in Sunday primary elections.
Argentine politician Sergio Massa, who recently pledged his support to the main opposition challengers to President Mauricio Macri, is in line to play a key role in the country's Congress if his new allies win national elections later this year.