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Capital Economics says ongoing tax-hike protests in Colombia have raised fiscal risks, and it expects local markets and the peso to stay weak in coming quarters. It also says the recent broad rally in commodity prices gives Latin American producers a welcome boost, but that rally is unlikely to last long.
A weaker peso raises the local cost of imported feed inputs. The commodity rally helps Latin American producers, but its expected fade limits the upside.
capitaleconomics.comNikhil SanghaniMay 7, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
