Latin American currencies take off…..

The Latin American currencies took center stage today as Colombia a recent lagger in the currency strength camp took off strengthening over 35 big figures against the dollar. Chile and Brazil also traded much stronger against the dollar today. It seems talk from the Central Banks worldwide that interest rates are not imminently going higher is the main driver. Also economic number in the region have been stronger then expected led by Brazilian retail sales up 8.7% in April. Also rates are not expected to jump higher, a gradual rising of rates is still expected (with U.S. rates lagging and therefore interest rate differentials widening) in both Brazil and Colombia.

Here are the stories from Bloomberg News, Enjoy.


CLICK HERE

CLICK HERE

CLICK HERE