Brazil

monetary policy, comparisons with previous rate-cutting episodes in 1998 and 2001 will inevitably be made. Although it is risky to rely too much on historical parallels, it is worth... 2007-09-21

Our basic view on Latin equities: due to mounting risks to the US economy, and the strong run-up in most Latin stock indices and valuations in recent years, our outlook is defensive.... 2007-09-17

The Brazilian real continues to recover strongly from the recent sell-off, appreciating by approximately 11% since mid August, to BRL1.9072/US$ on September 13.

Against the backdrop of increased volatility across global financial and debt markets, a country's creditworthiness becomes a key indicator for increasingly risk averse investors.... 2007-08-31

One and three month implied volatility for BRL/US$ and TRY/US$ have been muted during the current market ructions, relative to previous market shocks, while the spread of one-month... 2007-08-09

Our core view on Latin equities is that Brazilian and Colombian stocks are relatively attractive, while we are basically neutral on Mexico. One factor to watch is the relative value... 2007-07-19

Labour market data is difficult to compare across Latin America, given differing methodologies among statistical agencies, and the size of the region's informal economies. We do look... 2007-07-17

The Colombian peso and Brazilian real have been appreciating in lockstep over the past nine months (see top chart), but the relationship has broken down since June 25 - when we went... 2007-07-16

Back in April 2005, BMI was asked at a conference in Miami whether the appreciation of the Brazilian real versus the Argentine peso could continue.

Data released this week put Brazil's H107 trade surplus at US$20.6bn, a 5.6% y-o-y rise. We are continuing to pencil in US$42bn trade surplus this year, which is roughly in line with... 2007-07-04