Latin America
Ecuador / Economy
Once again, political headlines rather than economic fundamentals are helping to drive down the price of Ecuadorian debt, with the US$ Global 30 bond reaching a nine-month low of 89.25 on July 21. This price decline followed comments by the new Finance Minister, Wilma Salgado, questioning the legality of Ecuador's debt.
2008-07-22Argentina / Economy
We believe that decision by Argentine President Cristina Fernández to rescind the sliding-scale export tax will be welcomed by investors. We had previously argued that a moderation...
2008-07-21Brazil / Economy
These are turbulent days for emerging market stocks and even Brazil, with its sound macroeconomic fundamentals and still upbeat investor sentiment, no longer seems immune to bouts...
2008-07-21Analysis On Fixed Income, Fx & Equity Markets
Ecuador
Once again, political headlines rather than economic fundamentals are helping to drive down the price of Ecuadorian debt, with the US$ Global 30 bond reaching a nine-month low of...
2008-07-22Argentina
We believe that decision by Argentine President Cristina Fernández to rescind the sliding-scale export tax will be welcomed by investors. We had previously argued that a moderation...
2008-07-21Brazil
These are turbulent days for emerging market stocks and even Brazil, with its sound macroeconomic fundamentals and still upbeat investor sentiment, no longer seems immune to bouts...
2008-07-21Chile
The Chilean peso is having a good month in July. The currency has enjoyed significant gains against a host of global FX, underscoring our view that the bout of weakness observed in...
2008-07-17The financial and economic storm that had been brewing in the US for some time has finally erupted since the last edition of BMI's Sovereign Risk Ratings. The failure of several financial...
2008-03-31Argentina
As 2007 draws to a close, Latin America looks to have chalked up another impressive year of above-trend growth, expanding on average by 4.9% according to BMI's preliminary estimates....
2007-12-27Argentina
monetary policy, comparisons with previous rate-cutting episodes in 1998 and 2001 will inevitably be made. Although it is risky to rely too much on historical parallels, it is worth...
2007-09-21Our long-standing view has been that key Latin American countries are on the path to achieving investment grade status, and in the relatively near future. This view is playing out....
2007-06-22Uruguay
Solid macroeconomic fundamentals and an increasingly mature financial sector continue to drive the Uruguayan peso to new multi-year highs, with the peso currently trading along key...
2008-07-03Paraguay
Despite the Paraguayan guaraní's phenomenal run - the currency has appreciated by some 36% since early 2006 - BMI sees scope for further gains versus the dollar, at least in the...
2008-06-19Peru
We have trimmed our end-2008 FX forecast for the Peruvian sol to PEN2.6500/US$ from PEN2.5000/US$ previously. Central bank interventionary measures and deteriorating (albeit still...
2008-06-13Guatemala
The Guatemalan quetzal continues to move in our favour, strengthening by 3% to around nine-year highs of GTQ7.4100-7.4300/US$ so far in 2008. In the past, the central bank ( Banguat...
2008-06-04
