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LatAm currencies: war again?
Here we go again. As beyondbrics readers know, LatAm currencies have had a blistering start to the year, with most of the region’s currencies hitting their highest levels in about four months against...
View ArticleMexico: don’t call me a currency warrior
If Wednesday’s dollar auction by Mexico’s central bank has anyone worried about whether it has finally followed in Brazil’s interventionist footsteps, they shouldn’t worry too much. True, the auction...
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Confused about Brazil’s currency war? So are we
Trying to understand what Guido Mantega is up to can be exhausting, especially when it comes to his favourite topic: currency wars. The real weakened early on Wednesday after Brazil’s finance minister...
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Vote buying in Latin America
By John Paul Rathbone and Keith Fray Why did Hugo Chávez win last October’s presidential election so resoundingly? One simple answer is that he spent his way to re-election. In the run-up to the vote,...
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What’s up with the Mexican peso?
What’s up with the Mexican peso? So far this month, the currency has weakened a little, and on Friday it was trading at 12.67 to the US dollar compared with 12.61 at the start of the month. Could it be...
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Brazil real: be careful what you wish for, Mr Mantega
Oh the cruel irony. After lobbying for a weaker currency for the past three years, Brazil’s government would now give anything to strengthen the real, it seems. The central bank sold a whopping $2.1bn...
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LatAm currencies: walloped
It’s been a bad few weeks for EM currencies. The South African rand and the Indian rupee have taken a particular hammering, helped along by violent mining-industry unrest in the former and apparent...
View ArticleEM rout: another day of red in LatAm
Latin American assets endured another day of selling on Thursday as investors took fright to yesterday’s news that the US Federal Reserve will start scaling back its massive bond buying programme this...
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Guest post: how will Latin America weather a ‘sudden stop’ in investment?
By Fernando Losada of AllianceBernstein Since May, over a quarter of the past five months’ foreign portfolio investment into emerging markets has been withdrawn, according to the latest available data...
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Chile and Argentina: economic worlds apart
What a difference a mountain range makes. To the east of the Andes, Argentina is in the throes of an old fashioned, disorderly devaluation, in which authorities scramble to plug every leaking channel...
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