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6/25/13

Checking in on LatAm currencies vs US Dollar

We noted a few weeks ago that LatAm's currencies had started to weaken en masse against the dollar. Here's how things have developed since then, using the five major free trading regional currencies (namely the Peru Sol (PEN), the Chile Peso (CLP), the Colombia Peso (COP) the Brazil Real (BRL) and the Mexico Peso (MXN)) along with a three month timescale:


Not much room for debate on this one, the only issue is one of I say jump you say how high. The Brazilian Real (BRL), now at 2.22 to the dollar after spending years at sub-2 levels (even sub 1.50 in mid -2011) has been hit hardest of them all.