Latin American economies stand out as potential beneficiaries of the fall in the dollar this week. A the margin, it will help to bring down inflation and may make central banks more confident about cutting rates. Indeed, there was a dovish shift at the MPC meetings in Brazil and Chile this week, setting up possible rate cuts in March. Colombia's central bank still looks set to hike rates later today though. Finally, Costa Rica’s ruling party – which has overseen an impressive growth streak – looks set to hold onto power in Sunday’s election.
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