Argentina’s peso fell and stock prices dipped Monday after left-leaning Silvina Batakis was named economy minister following the surprise resignation of her more moderate predecessor over the weekend as the country struggles with economic woes.
Batakis was named late Sunday to take over from Martín Guzmán, who was largely seen as a moderate voice within President Alberto Fernández’s Cabinet. Guzmán had been the target of strong criticism from more left-leaning elements of the governing coalition, including Vice President Cristina Fernández, who is not related to the president.
