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Latam FX

Brazil's real leads gains across Latam currencies
Markets

Brazil's real leads gains across Latam currencies

  • BRL up on economic prospects.
  • Bolsonaro faces protests as COVID deaths rise more than 500,000.
  • Latam FX rally as dollar dips after Fed rally.
  • BlackRock pro-risk; Morgan Stanley turns bearish on EMFX.
Published 21 Jun, 2021 08:21pm
Latam FX falls against stronger dollar; sol stabilizes after tumble
Markets

Latam FX falls against stronger dollar; sol stabilizes after tumble

  • The dollar rose as investors awaited key US readings this week, which are likely to show an economic recovery gathering steam.
  • Chile's peso fell 0.3%, while Mexico's peso dipped 0.2%. But both currencies are expected to mark strong gains this year, with Chile benefiting from a spike in copper prices, while Mexico is set to benefit from a bounceback in the US economy.
Published 04 May, 2021 08:01pm
Latam FX rise as US inflation data dents dollar
Markets

Latam FX rise as US inflation data dents dollar

  • Brazil's real rose 0.2% while Mexico's peso added 0.3%. Higher copper prices bolstered top producer Chile's peso, which was up 0.5% after two straight days of losses.
  • In Peru, the sol currency and the stock index made slight moves after a day of turbulence when markets were spooked by a socialist surge in presidential elections.
Published 13 Apr, 2021 07:59pm
Latam FX weakens on firmer dollar, Chilean peso leads declines
Markets

Latam FX weakens on firmer dollar, Chilean peso leads declines

  • The peso slipped 0.8% in early trading. Chile's central bank is not expected to move rates, with markets pricing in two rate hikes by the end of the year.
  • "The global rate-cutting cycle that occurred in the wake of the pandemic has ended and even begun to reverse," economists at Capital Economics wrote in a client note.
Published 29 Mar, 2021 08:50pm
Mexico leads Latam losses as rising yields, dollar dent FX
Markets

Mexico leads Latam losses as rising yields, dollar dent FX

  • Bolstered by a strong rise in US producer prices, a fresh spike in US Treasury yields sparked a risk-off move, with the dollar reversing its fall from earlier in the week.
  • These legal setbacks will only intensify (President Andres Manuel Lopez Obrador's) desire to change the constitution to shield his energy-sector vision from further legal setbacks down the road.
Published 12 Mar, 2021 09:27pm