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)
  • or Register now for free to read the full article

    This article is tagged to:
    Sector: Country Risk
    Geography: Latin America, Brazil, Chile, Colombia, Mexico

    Access all of our latest analysis, data and forecasts - request a trial