Brazil

The risk thermometer in Latin America's credit markets has been off the scale in recent weeks, mirroring the financial shake-out witnessed across the EM universe. Indeed, the spread... 2008-10-22

Our view of a short-term bounce in the Brazilian real appears to be playing out nicely, with the unit currently trading at BRL2.1110/US$, from at one point trading below BRL2.4000/US$... 2008-10-21

While Brazil's financial markets are among the most exposed, along with those of Mexico, to higher levels of investor risk aversion and a sell-off in US equity markets, we see the... 2008-10-17

We expect another eventful week for our main currencies in Latin America, following last week's epic sell-off in the Mexican peso, the Brazilian real and the Chilean peso, which have... 2008-10-13

Latin American assets continue to get battered by the flight to safety from US investors, and falling global commodity prices. We have taken a closer look at the impact of the ongoing... 2008-10-08

Falling commodity prices and the ongoing global financial meltdown saw the Brazilian real fall through the key psychological BRL2.0000/US$ level on October 2. From a technical perspective,... 2008-10-03

Following the rejection of the US bailout plan, and the subsequent battering of Latin America's benchmark stock markets, the short-term outlook for local equities is extremely precarious,... 2008-09-30

Tighter monetary policy in Brazil is gradually starting to put a dampener on private sector lending, with credit growth slowing to 32.8% y-o-y in August, down from 34.0% in July,... 2008-09-29

BMI View: With global investors increasingly looking to unwind risky positions, sovereign credit spreads across the EM universe have shot up remarkably when compared to 12 months... 2008-09-25

The proposed formation of a joint taskforce for Brazil's banking sector comes at a time when concerns about profitability of Brazilian banks are on the rise. Tighter credit conditions... 2008-09-24