Regional Currencies To Face Renewed Depreciatory Pressures


Breaks of technical resistance suggest that a relief rally for Latin American FX could have further to run.

  • However, fundamentals and technicals suggest that upside for regional currencies will be limited to short-term moves.

  • BRL and CLP will continue to face depreciatory pressures in 2014, with further exchange rate weakness instrumental for economic rebalancing.

  • On The Verge Of Breaking Higher
    JP Morgan Latin America Currency Index (Weekly)
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    This article is tagged to:
    Sector: Country Risk
    Geography: Latin America, Brazil, Chile, Colombia, Mexico

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