Fernandez ties with rival in Argentina Senate primary

Article originally appeared in ReutersBUENOS AIRES (Reuters) – Argentina’s former leader Cristina Fernandez was tied with President Mauricio Macri’s candidate as most results were in from a Senate primary seen as a gauge of Fernandez’ chances of staging a populist comeback and ending Macri’s reform agenda.

With 95.58 percent of votes in Buenos Aires province – home to nearly 40 percent of Argentina’s electorate – counted, the coalition led by Macri’s former education minister Esteban Bullrich had 34.19 percent while Fernandez’s list had 34.11 percent.

There was never a doubt that Fernandez – who ran unopposed from within her own party – would go on to run for the Senate in the Oct. 22 election but many investors feared a strong showing could weaken Macri and pave the way for her to return to the presidency in 2019.

Argentina’s peso had weakened around 9 percent since Fernandez formed a new political party and declared her candidacy on June 24. Fernandez was president from 2007 to 2015 and was indicted for corruption last year.

Traders had priced in a Fernandez win by a margin of around 3 percent …

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