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Monday, 12 August 2019

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Argentine peso collapses as primary suggests return to interventionist economics

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The peso weakened 30.3% to a record low of 65 per US dollar on Monday, traders said, after opposition candidate Alberto Fernandez - whose running mate is former president Cristina Fernandez de Kirchner - dominated the primary by a much wider-than-expected 15.5 percentage point margin.

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