
Toyota Shares Bought Amid Market Chaos
📈 An investor took advantage of a significant market downturn to build a substantial position in Toyota, a long-desired stock.
📉 The purchase occurred after Toyota's price dropped considerably, making it attractive despite previous perceptions of being overvalued or stretched.
⚠️ Challenges noted include the relative illiquidity of Toyota's Cedears (CDRs) on the local market, requiring careful purchasing.

Toyota Argentina. Carry Trade and Dollar Demand
🚗 Importers like Toyota Argentina were using a carry trade strategy, borrowing in dollars and investing in pesos.
🔄 Due to uncertainty about a possible change in the monetary and exchange rate regime, these companies are now closing their carry trades and repaying their debts in dollars.
📈 This shift is contributing to the increased demand for dollars and the pressure on the exchange rate.