The sharp falls in the Argentine peso and Brazilian real in the second half of the week reflected both worsening global risk appetite and domestic political concerns. A few weeks ago it had felt that we were out on a limb in forecasting chunky falls in both currencies by year end, but our bearish projections are now looking increasingly likely.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services