Argentina peso at risk of another devaluation after election: Reuters poll

Argentina's troubled peso currency is at risk of suffering another devaluation after October's presidential election or a potential second round in November, a Reuters poll of strategists found. Last month, as part of an agreement with the International Monetary Fund (IMF), the Peronist government depreciated the benchmark official exchange rate by nearly 18% and pegged it at 350 per dollar in the wake of a key primary vote. But now it is expected to trade at 419.8 per dollar in 3 months, according to the median estimate of 19 economists polled Sept. 1-5.