Wells Fargo Warns Latin America FX Rally to Reverse by Year-End

Ultimo Cable - Noticias del Mundo

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LATAM.— The Latin American currency rally has increased their vulnerability to political risks and a possible upturn in the US dollar, according to Wells Fargo. The region’s currencies have risen sharply this year, as part of a large surge in emerging markets driven by the sustained fall of the dollar. However, the weakness of the green bank is unlikely to remain in the short term, as persistent inflation in the US limits the Federal Reserve’s a…

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The region’s currencies have skyrocketed this year, as part of a large upturn in emerging markets, driven by the continued fall of the dollar