Posted June 3, 2023 by Comments

  • Edward Moya, senior market analyst at Oanda: “There’s a lot that’s wrong with the Brazilian economy, [however] some of its exports are still heavy in demand. There has been some benefit for soy and soft commodities. There are still a lot of currency traders that just can’t pass up that yield.”
  • Mexico has been one of the key currency trades that a lot of people view as stable as emerging markets go,” said Moya. Advantages for Mexico include its status as an oil producer and that is has the US as a major trading partner. Also, the Bank of Mexico has been more aggressive about raising interest rates to confront inflation than many other global central banks. READ MORE

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