Latam 8 June 26

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Latam 8 June 26

Macri shocked the political space by choosing Miguel Pichetto as his vice president candidate. He’s a veteran Peronist, a pro market defender and one of the leaders of Alternativa Federal. The decision was celebrated by the market, with a nominal FX appreciation of the Peso to 42.50, and a slump in country risk to 845 bps. Some weeks before, Cristina Kirchner surprised the market when she announced she was running as vice president, with Alberto Fernandez as presidential candidate.