Charts Of The Day: Selling Pressure Brewing

Varying asset classes across Latin America have made a considerable comeback in recent weeks, following the initial resurfacing of risk aversion among global investors in late January. Seemingly brushing off sovereign credit concerns in the euro-area and increased financial market volatility, equity markets and regional exchange rates have put on an impressive performance of late. Indeed, among benchmark emerging market FX the Colombian peso and Mexican peso are the top year-to-date performers against the US dollar, up 6.5% and 2.3% since the start of the year respectively. Against the euro, too, the superior fundamental picture has seen the Colombian peso rallying 12.2% since January 1.

To read the full article, please choose one of the following options: