October 16, 2022

Emerging Markets-Brazilian Real Leads Latin American Currencies Higher

Source: Reuters

Journalist: Bansari Mayur Kamdar

The real gained 1% against the dollar, while an index for Latin American currencies ticked 0.2% higher.

"In a number of the Latam countries, especially Brazil, the balance sheets are decent, they have current account surpluses. They've been some of the best places to hide in the EM space as they are holding their weight against the dollar more so than others," said Rachel Ziemba, founder of Ziemba Insights. "But, ultimately this is still an environment where, with more Federal Reserve hikes to come, it's going to be hard for EM and risk assets to hold much ground."

Read the full story and more from Reuters.


  • Rachel Ziemba

    Adjunct Senior Fellow, Energy, Economics, & Security Program

    Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security i...