Latin America Economics

Latin America Economics Weekly

8 March, 2019

Carnival hangover for real & Argentine peso

The sharp falls in the Argentine peso and Brazilian real in the second half of the week reflected both worsening global risk appetite and domestic political concerns. A few weeks ago it had felt that we were out on a limb in forecasting chunky falls in both currencies by year end, but our bearish projections are now looking increasingly likely.

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