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The Brazilian real and the Mexican peso have climbed against the US dollar as it steamrolls rival currencies this year
From markets.businessinsider.com
While the US dollar has broadly boomed this year - including gains of more than 20% against G10 currencies the yen and the pound – it has fallen against the emerging market currencies of Brazil and Mexico, but there are emerging risks to their advances, analysts say. This year, Brazil's real has risen by roughly 4%, leaving the dollar to buy 5.34 reals as of Friday. Mexico's peso has gained 2%, with the greenback trading at 20.08 pesos. "The reason why those two currencies have been resilient in comparison to everything else has to do with the fiscal realities of the negative effects of war," Juan Perez, director ... (full story)
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- Posted: Oct 1, 2022 10:55am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,013
