The Argentine peso continues to recover as the dollar drops to its lowest value in five months, being sold at $1.390 at Banco Nación.
The Argentine dollar has experienced a significant drop, settling at a price of $1.390 at Banco Nación, marking its lowest value in five months. This decline extends the trend observed in recent weeks, with the wholesale exchange rate experiencing a 0.5% drop, leading to a rate of $1.368. Factors contributing to this decrease include increased foreign currency income and attractive peso interest rates for investors engaging in carry trades, which have influenced the currency market dynamics.