Sunday, February 10, 2008

Latinamerican money markets depreciation of the US dollar continues with no end in the short term

With the exception of Venezuela and Argentina that have government administered exchange rates, in the rest of the main Latinamerican money markets the depreciation of the US dollar continues with no end in the short term according to the latest data. In the floating exchange rate markets of Brazil, Colombia, Chile, Mexico, Peru and Uruguay the loss of value of the US currency during the first six weeks of 2008 ranges between 5.3% in Chile to Brazil’s 0.48%

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