Friday, May 30, 2008

Latin America in least for now.

Yesterday Fitch upgraded Brazil to Investment Grade. This is big news as Brazil now has two rating agencies giving it this important rating. Fixed income and the currency rallied on the back of this news and brought the rest of the region with it.

There was word out of Argentina that the Farmers strike was basically resolved, but I an hearing this morning that this might be a bit premature.

Rates initially moved lower, but as of the morning there looks to be more buying interest. I continue to look for Crude to top out and as such so should the Euro.

Good Luck and Good Currency Trading.



Post a Comment

Subscribe to Post Comments [Atom]

<< Home