Argentinian peso plunges as centre-left win election primary
(The Guardian Argentina)

Investors spooked by prospect of populist left-leaning administration in Buenos AiresArgentina´s currency plunged on Monday after the country´s centre-left opposition leader won an election primary, raising the prospect of a return to power for the former president Cristina Fernández de Kirchner.A stronger than expected victory for Alberto Fernández, whose running mate is the former populist leader, triggered a 30% fall in the value of the peso, which hit a fresh record low against the US dollar on the global money markets. Continue reading...