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Economy / Guatemala

GTQ: Modest Upside

April 2007 | Currency Forecast

Following a bout of weakness over the first few months of 2007, the quetzal has picked up some momentum and is testing key resistance at GTQ7.6200/US$. Our forecast is for modest appreciation to GTQ7.6000/US$ by the end of the year, and to GTQ7.5600/US$ by the end of 2008. The central bank

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