JPMorgan sees Latin American currencies supported by carry trades - Investing.com South Africa
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JPMorgan sees Latin American currencies supported by carry trades Investing.com South Africa
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4 itemsLatam FX Talking: Carry trade interest dominates again
In a fresh indication of market dynamics, Latin American currencies are showcasing strong performance driven by renewed carry trade interest, as highlighted in recent commentary. Per the full note [source], the Brazilian real is expected to maintain stability amid low volatility and decent economic indicators, while the Mexican peso faces challenges tied to US trade policies. Consensus targets remain moderately range-bound for USD/BRL and USD/MXN, with no major catalysts on the horizon over the next month, allowing traders to position based on current macroeconomic conditions.
EM Fixed Income: A year of Latam elections
The desk is positioning for a cautious outlook on LatAm fixed income markets as the region approaches a pivotal year of elections. Per the full note from J.P. Morgan, the upcoming electoral cycle is expected to introduce significant volatility, impacting investor sentiment and market dynamics. With no high-impact events on the calendar in the next 30 days, traders should remain vigilant about potential shifts in policy direction as new administrations take shape.