Mexico: Policy stimulus has further to go
Policy rates are already at or near their “operational lower bound” in several countries in LATAM but, in Mexico, officials continue to sound…
LATAM FX Talking: An extended rout, exacerbated by local drivers
From the incipient political crisis in Brazil, following the resignation of the popular Justice Minister Sergio Moro, to the persistent credit-rating…
LATAM FX Talking: The mighty MXN
The USD should remain a primary catalyst for the region’s FX outlook. As long as USD strength persists and domestic growth stories remain…
Even though trade-related risk aversion remains a key driver for LATAM FX, the USD has become the chief catalyst for most currencies in the region. We see…
Heightened risk aversion and the stronger USD resulted in a persistent weakening bias to LATAM FX in recent weeks. An eventual resolution of the US-China…
LATAM FX Talking: February forecast update
