
The Argentine peso’s depreciation reduced the dollar-denominated return on carry trades to just over 1% in October, as the official exchange rate rose 1.1% and fixed-rate peso investments returned 2.2%. Some investors expect the dollar to remain relatively stable through the first quarter of 2027, while more cautious operators warn that it could accelerate higher.
A faster peso depreciation would erode returns from peso investments and raise demand for dollar hedges. That could put upward pressure on USD/ARS.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.