CORRECTION: There will undoubtedly be a...>

ARGENTINA: CORRECTION: There will undoubtedly be a lot of focus on the open of

ARS trading later today (1400BST/0900ET) as markets eye the fallout of the loss

for current President Macri in primary elections over the weekend. The country's

bonds that trade in London have already been hit hard, pressing yields sharply

higher and raising the risk of a sharp currency sell-off when the market opens.

-Regional sell side analysts already see the ARS falling at the open, with BTG

Pactual seeing USD/ARS rallying as much as 25% Monday. Similarly, analysts at

Amherst Pierpoint are warning that markets will likely panic.

-USD/ARS closed on Friday at 45.3134. A 25% drop in ARS would see the pair above

55.00, hitting fresh all time highs.