BNY: LatAm Currencies Supported by Carry, Strong Balances
BNY's Geoff Yu says Latin American currencies are underpinned by strong balance-of-payments positions and attractive carry, even amid global equity jitters.
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BNY Mellon's Geoff Yu notes that Latin American currencies remain resilient thanks to solid balance-of-payments fundamentals and high carry returns. This strength persists despite global equity market nerves. The analyst sees these factors as providing a buffer against USD strength.
Source: FXStreet Forex News