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Brazil & Southern Cone - August 2015 (ISSN 1741-4431)

ECONOMY & POLITICS: The ‘clamp’ on the dollar and other pre-October issues

On the economic front, the outcome of the 9 August primaries provoked an immediate reaction: the stock exchange shot up and the black-market exchange rate for the US dollar fell. It is not clear what operators are reading into the results, beyond the impression that the leading opposition contender for the presidency, Mauricio Macri, has toned down his proposed lifting of the restrictions on the exchange market and that frontrunner Daniel Scioli is leaning towards more ‘market-friendly’ policies than those adopted by the outgoing government.

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