Argentina's central bank, Banco Central de la República Argentina (BCRA), has increased the reserve requirements for certain peso deposits, raising the minimum reserve ratio from 20% to 30% for sight deposits held by Money Market mutual funds and repurchase agreements. This measure aims to absorb pesos from the market and potentially curb liquidity. Meanwhile, the Argentine peso-dollar exchange rate showed volatility, with the official dollar rate hovering around 970 pesos after initially falling sharply following the second reading of the US Consumer Price Index (CPI). The so-called "dólar blue," or unofficial dollar rate, remained below 1,300 pesos, and the gap between the blue and official rates narrowed to its lowest level in seven sessions. The market has also been influenced by discussions around Federal Reserve Chair Jerome Powell and better-than-expected US retail sales figures. Additionally, there is speculation about the possible return of the "carry trade" in Argentina, driven by attractive peso interest rates, a development noted by market analysts including Luis Caputo.