Analysis On Fixed Income, Fx & Equity Markets

The Chilean central bank's surprise decision to intervene in the foreign exchange markets by purchasing US$12bn in 2011 means we no longer favour the Chilean peso over other regional... 2011-01-04

After a solid week of downside moves, Brazil's Bovespa equity index finished the week on the front foot, rising 1.0% on December 17 to close the week at 67,981. While a positive sign... 2010-12-20

As talks between Argentina and the Paris Club of outstanding creditors begin on December 13, we believe that the ongoing compression in yields on the sovereign's US dollar-denominated... 2010-12-13

Recent polls indicate that the Peruvian electorate is increasingly turning away from leftist ultranationalist candidate Ollanta Humala, suggesting a victory for one of the three leading... 2010-12-10

Recently released data for the third quarter reveals that Peru's fiscal accounts remain in good health. Although the government ran a nominal deficit equal to 1.9% of GDP in Q310,... 2010-12-08

Strong Q310 data has encouraged us to revise up our 2010 and 2011 real GDP forecasts for Peru to 8.6% year-on-year (y-o-y) and 6.2% y-o-y, from 7.8% y-o-y and 5.8% y-o-y, respectively.... 2010-12-02

Despite a recent bout of weakness against the dollar, the Chilean peso continues to outperform many other regional currencies. A combination of dollar strength and weak industrial... 2010-11-30

While equity markets across the emerging world are taking a beating as a strengthening dollar combines with Chinese monetary tightening and rising political risk to send investors... 2010-11-24

One of our key market calls of late has been our preference for Latin America's freer-floating currencies - namely the Chilean and Mexican pesos - over the region's more tightly managed... 2010-11-23

After months of steadily building appreciatory pressure, the Brazilian real has sold off relatively sharply in recent days, pushing through multi-month support around the BRL1.7300/US$... 2010-11-17