Lured by 38% Rates, Carry-Trade Investors Pile Into Milei’s Peso

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Why This Matters

Carry-trade investors are increasingly attracted to the Argentine peso due to its high interest rates, a significant shift from previous market sentiment, as President Javier Milei's party gains confidence in the market.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Having lost more of its value than any other major currency in the world this century, the Argentine peso has long been seen as far too unstable to lure carry-trade investors. But in a sign of just how much President Javier Milei has regained the market’s confidence in the wake of his party’s midterm-election victory, evidence is mounting that those investors are starting to pile into the peso.

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Original article published by Bloomberg on January 29, 2026.
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