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Latin American Economy & Business - June 2018 (ISSN 1741-7430)

Region: Currencies take a hit

The largest economies in Latin America have been affected by instability in global financial markets in recent weeks, which forms part of broader aversion towards emerging markets’ currencies. With many developed economies, including the US, tightening monetary policy – either by raising interest rates or withdrawing fiscal injections – global financing conditions are tightening. With the US dollar strengthening as a result, many local currencies in Latin America have registered sharp sell-offs, sparking concerns about the domestic feed-through on inflation and growth.

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