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I say things on Twitter

8/23/11

Charts of the day are...

...the five year forex charts of four South American currencies versus the U.S Dollar:

The Peruvian Nuevo Sol (PEN):


The Chilean Peso (CLP):
The Colombian Peso (COP):

The Brazilian Real (BRL):


Notice anything in common? Surely nothing to do with the fact all these are commodities/exports based countries that use standard macroeconomic theory to run their gigs...