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Scotiabank's weekly Latin America outlook says Latam-6 economies keep rebounding even as COVID-19 remains a major hotspot and reopening gets harder. It revises Banxico's terminal rate to 4.50% and makes the case for a stronger Peruvian sol.
A firmer sol and a Banxico easing path shape currency moves that affect Latin American import costs for feed ingredients, though the note is general macro commentary with no direct supply shock.
scotiabank.comAug 22, 2020Not 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.
