Brazil

Topic of the day: Brazil En el gigante en ascenso tampoco está tudo bêm - lanacion.com Los secretos de Brasil: la receta de una potencia - lanacion.com PIMCO | Viewpoints - Brazilian Boom: Rising Infrastructure Spending Spurs Bond…

The last post by Win Thin demonstrates that Emerging market countries that are doing the best in this difficult economic environment are feeling serious currency pressure. Brazil is looking for a way to deal with the volatility associated…

from BBH's Win Thin on capital controls in Brazil Finance Minister Mantega said that Brazil is considering a tax on short-term fixed income investments but not on long-term. No further details were given, but he noted that the central bank…

India:  Earlier today India lifted the cap on foreign ownership of government and corporate bonds.  This had been anticipated, but it runs counter to the rash of media reports suggesting that rise of beggar-thy-neighbor policies…

Brazilian officials are getting more serious about curbing the real's strength. First the central bank appears to have stepped up the amount of intervention and has been conducted two auctions a day to buy dollars since Sept 8. Local…

Fears that the global recovery is faltering is unlikely to prevent Chile's central bank from hiking rates tomorrow.  It had hiked rates last month and the data since has been strong and economists have generally revised higher growth…

Given near universal austerity measures in Europe and thoughts of the same in the US, increasingly it looks like the emerging markets are expected to do the heavy lifting to sustain a global recovery. As I said recently, "for the…

From the Brown Brothers Harriman Currency Strategy Team Highlights US dollar is softer across the board so far today vs. the majors, as markets regain a semblance of calm after Bernanke’s comments yesterday.  Markets await Friday’s…

Ideas that China will allow greater flexibility in the yuan, which for many means appreciation, will have positive impact on Latam currencies.   The Mexican peso and Brazilian real are leading the advance with about 0.66% gain…

Moody’s upgraded Chile to Aa3 (equivalent to AA-), citing its “financial resilience” after the Feb earthquake.  Moody’s also praised years of solid macro policies, the fiscal surplus rule, and low debt as other factors behind the…