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A World Economic Forum piece by Itau's chief economist says Latin America holds elections in 2018 in Colombia, Mexico and Brazil. It forecasts modest GDP growth and contained inflation in those countries.
It expects the Brazilian real and Colombian peso to depreciate modestly if there are no major shocks.
Currency weakness in Brazil and Colombia would make dollar-priced feed ingredients cheaper for local buyers, while election outcomes could shift policy. The impact on commodity prices is limited.
weforum.orgJan 1, 2018After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
Not 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.
