The return of carry trade in Argentina: A financial maneuver generating 50% profit in dollars
Briefly

from english.elpais.com3 months ago
In Argentina, a financial operation known as the 'carry trade' allows savers to trade pesos for dollars, aiming for profit despite peso depreciation.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-11-02/the-return-of-carry-trade-in-argentina-a-financial-maneuver-generating-50-profit-in-dollars.html
The 'financial bicycle' is back in vogue under the Milei administration, combining high local currency interest rates with expected depreciation to spur profits.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-11-02/the-return-of-carry-trade-in-argentina-a-financial-maneuver-generating-50-profit-in-dollars.html
Historically, the carry trade has thrived in economic crises, like during the 1970s dictatorship and now under far-right leadership, offering potentially 50% dollar gains.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-11-02/the-return-of-carry-trade-in-argentina-a-financial-maneuver-generating-50-profit-in-dollars.html
This investment strategy succeeds when contradicting economic signals align; high local interest alongside weak peso offers speculators a lucrative opportunity.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-11-02/the-return-of-carry-trade-in-argentina-a-financial-maneuver-generating-50-profit-in-dollars.html
Read at english.elpais.com
#argentina #economy #financial-strategies #investment #currency-exchange
[
|
]