Foreign investors are betting the worst rout in Latin American currencies since 2008 will extend into next year as commodity export prices slump and rising U.S. bond yields lure money out of the region.
The Bloomberg JPMorgan Latin America Currency Index of the region’s six most-traded currencies fell 9.6 percent this year and got within 1 percent of a four-year low. International investors boosted wagers to a record $21.7 billion this week that Brazil’s real will keep falling, data compiled by BM&FBovespa SA show. Analysts surveyed by Bloomberg only forecast Mexico’s peso will avoid further losses in the region next year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
