Latin currencies suffer heavy losses – Rabobank

By FXStreet FXStreet (Guatemala) – Analysts at Rabobank noted the conditions for Latin America currencies.

Key Quotes:

“Latin America currencies have suffered heavy losses of late but given the global environment, as well as some specific domestic woes, this theme is unlikely to change in the near term.

Of course, periods of correction can be expected but these are likely to offer better levels for re-instating Latin America shorts rather than signaling a reversal of fortunes. Given this view, we look to the findings in our Vulnerability Heat Map and LFPG to help us differentiate between individual Latin America currencies and, as such, we remain bearish on BRL. “
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Source:: FX Street