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José Luis de Haro/ New York It is a crucial time for currencies around the region. While the US Federal Reserve is ready for its first rate increase since the financial crisis, crude oil prices have dropped more than half since June last year. Those headwinds are taking a toll around many countries in Latin America, in particular for those depending on commodities that have not implemented enough reforms to confront the fiscal and macroeconomic challenges ahead. At the end of January, the main currencies in the region continued their devaluation against the US dollar, with the Argentine peso losing […]
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