US EditionThe Possible Disarmament of the “Carry Trade” Would Have a Much Smaller Impact on the Dollar than It Had in 2018
6 Articles
6 Articles
Foreign investors have only 10% of the volume of bonds in pesos they had in Macri’s management. The government maintains high rates in local currency to soften the pressure on the exchange rate
The recommendation of the JPMorgan to make profits in Longer-Term Capitalizable Treasury Letters (Lecap) found echo in the Argentine market, where, before the consultation of Bloomberg Línea, economists and brokers agreed that the risks of the carry trade have increased since April. The spread between the rates in pesos and dollars, for the time being, is widening in the last few weeks, a sign that the market demands higher prize for maintaining…
"They are underestimating growth and exchange rate stability," Caputo explained to Milei, after the entity's lapidary document, the fear of giants leaving.
The Wall Street bank advanced its April forecast that it would be the right moment in August to abandon the strategy. It noted that the fall in the yield in pesos, the outflow of dollars for tourism, the end of the liquidation of the agro and the political noise that could be generated in the imminence of the legislative elections play against the mechanism. Read more
"They are underestimating growth and exchange rate stability," Caputo explained to Milei, after the entity's lapidary document. The fear of giants leaving. /by Leandro Renou/ Page 12) "They are underestimating the growth of GDP and exchange rate stability", shouted Economy Minister Luis Caputo, on Sunday night, while ... Milei wants to avoid being the Macri of JP Morgan/He believes that, as in 2018, the exit of the carry trade bank can generate …
The taking of profits was imposed on the variable income in June. Investors disarmed positions in Argentine shares after the strong ups, which generated losses in the month of up to 20% in dollars in New York and 23% in pesos in Buenos Aires. At the same time, the appetite for the carry trade was maintained, with a positive result thanks to exchange stability.The banking and energy sectors led the losses of Argentine ADRs on Wall Street, with pa…
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