Why Pro-Dollar Politician Javier Milei Is Roiling Argentina Markets

Javier Milei has been leading the race for president of Argentina, with the election set for Oct. 22Photographer: Anita Pouchard Serra/Bloomberg
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Javier Milei, a free-marketeer and political outsider, has been leading the race for Argentina’s Oct. 22 presidential election since pulling off a stunning victory in the August primary. Here’s what you need to know about Milei — and why the election matters for the rest of the world.

The primary election, in which candidates from all the parties face every other candidate, resulted in a surprise win for Milei, who won 30% of the vote. Candidates representing the conservative opposition took 28% of the vote and those from the center-left ruling party won 27%.