Reported about 12 hours ago
Ecuador's dollar bonds suffered their sharpest drop in two years after socialist candidate Luisa González outperformed expectations in the presidential election, likely pushing President Daniel Noboa into a runoff on April 13. As the results showed González closely trailing Noboa, investors who anticipated a first-round victory for Noboa faced setbacks. With ongoing economic challenges and concerns about rising gang violence, the political landscape remains uncertain, and González’s potential to attract Indigenous voters may complicate Noboa's reprisal in the runoff.
Source: YAHOO