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BUENOS AIRES - Argentina's markets have a wary eye on President Javier Milei's sprawling reform bill that is grinding through Congress and facing likely amendments in the Senate that will push it back to the lower house and gum up its final approval.
"The rejection of the 'bases' bill and tax bill would confirm the political weakness of the government in building a legislative majority," said economist Joaquín Marque at local financial services firm UG Valores. Consultancy Portfolio Personal Inversiones, meanwhile, said"positive news in the Senate about both bills and a greater inflow of agriculture sales" could boost the peso in widely used parallel markets to get around capital controls.
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