May 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Latam FX

Brazil's real leads Latam FX losses on virus fears
Markets

Brazil's real leads Latam FX losses on virus fears

  • The real sank 1.2% after dropping nearly 2% on Monday. The country posted a negative trade balance in December.
  • The country is among the worst hit by the coronavirus and is racing to ramp up inoculations.
Published 05 Jan, 2021 08:54pm
Latam FX dives, Brazil's real hits 5-month low ahead of rate move
Markets

Latam FX dives, Brazil's real hits 5-month low ahead of rate move

  • The real slipped 0.9% to fall for the fourth straight day as Brazil's central bank was seen leaving its benchmark Selic rate at a record low of 2.0% later in the day.
  • The extension of the budget deficit in an effort to fight the effects of the pandemic is limiting the central bank's scope to cut rates further.
Published 28 Oct, 2020 07:57pm
Latam FX rise as dollar steadies; Mexican peso shines
Markets

Latam FX rise as dollar steadies; Mexican peso shines

  • The peso more than made up for losses over the last three sessions and was poised for its best session in three weeks.
  • We expect the monthly fiscal deficit to... (converge) to our end-2020 forecast of a 948 billion reais deficit or 13.7% of GDP.
Published 01 Oct, 2020 01:32am
Historic fall in Mexico's Q2 GDP weighs on peso
Markets

Historic fall in Mexico's Q2 GDP weighs on peso

  • The peso fell as much as 0.3% after data showed GDP fell 17.1% in April to June, from the previous three-month period in seasonally adjusted terms.
  • Hints of further easing or some urgency in the tone of Fed's dovish commitment can help underpin the dollar's softness.
Published 26 Aug, 2020 07:29pm