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Wednesday, April 17, 2024

Latam FX Talking: Chile’s peso looks vulnerable after aggressive rate cuts

 The stronger dollar is starting to expose some weaknesses in the Latam space. Aggressive rate cuts in Chile have left real rates on the lean side and could see USD/CLP press 1000 again. The widely-backed Mexican peso is undergoing a correction but should meet buyers on dips ahead of what should be a low-volatility presidential election in early June.

https://think.ing.com/articles/latam-fx-talking-april2024/

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