We recently revised our Latam FX forecasts in the wake of the Fed’s QE3 policy announcement
• While QE has historically been positive for Latam currencies, we observe clear diminishing returns
• Regional central banks will fight USD weakness, exc...
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The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility.
In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.
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