Brazil

July's inflation print provided us with further evidence that the monetary tightening cycle in Brazil still has plenty of room left to run. Headline price growth continued its upward... 2008-08-11

We think that there could be some significant downside potential for Brazil's US$ Global 27 bond. At 6.3%, current yields do not appear attractive enough to warrant a heavy long position,... 2008-08-07

With the hawkish inflation report from Banxico signaling that the monetary tightening phase is not quite over, we emphasise our bullish peso view. The currency has flown through... 2008-08-05

Underpinned by aggressive monetary tightening and sound macroeconomic fundamentals, Brazil's real continues to power on, posting multi-year highs against an array of currencies. Although... 2008-07-31

BMI View: Latin America's central banks - most notably in Brazil, Colombia and Mexico - have gained a lot of credibility with the breadth and depth of respective monetary cycles in... 2008-07-28

The Bovespa equity index has suffered another week of losses, briefly touching its key long-term trendline support level at 56,418 on the logarithmic scale (see chart) - a key technical... 2008-07-28

Brazilian central bankers were unanimous in their decision to raise the Selic rate by 75bps to 13.00% during the COPOM meeting on June 23. We had been leaning towards a hike of this... 2008-07-24

BMI believes it may be time to take a closer look at Mexican debt. We have been impressed by Banxico's proactive stance on inflation, and with a likely slowdown in domestic economic... 2008-07-24

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... 2008-07-21

Peru has was investment grade status by a second major ratings agency on July 14, as the Andean country continues to show a rapidly improving investment climate thanks to prudent... 2008-07-15