Dollar Update: Devastating for EM FX
DXY index is off -85bps in afternoon trading, but that doesn’t mean the USD strength devastation is not being felt across the world.
Tag Archives: Argentina
Brazil: As if the government in Brazil were not enough
While the Brazilian central bank has lowered interest rates to an historic low to stimulate economic growth, the government’s policies seem to be a weak patchwork of support for favored industries.
Argentina: From Bad to Worse
More than 300,000 Argentines took to the streets of Buenos Aires recently to protest the administration of President Cristina Fernandez de Kirchner. It was the second major protest in two months against high levels of crime and inflation.
Argentine government chides oil exploration companies in the Falklands
As the 30 year anniversary of the invasion by Argentina (ARGT, quote) of the Falkland Islands approaches on April 2, rhetoric from the Argentine government over foreign oil exploration in the area continues to grow louder. Yesterday, Argentine Foreign Minister Hector Timmerman proclaimed that the government will look to sue foreign oil companies operating around the Falklands in both domestic and international courts to ensure that this supposedly illegal drilling is halted.
Latin drought spreads to Brazil and plays havoc with corn prices
Farmers in Brazil have overcome many obstacles in the past but rainfall has not been one of them until the drought that began in Argentina spread, severely damaging both corn and soy bean crops. With no rain for the entire month of December and only one rainy day in January, farms are hard-pressed to remember a worse season.
Argentina weather could drive CORN prices higher
Corn has been in a steady climb since last week Thursday as traders focus on a stretch of dry weather in Argentina. Commodity traders are concern that drought in Argentina, one of the world’s biggest corn exporters, will lead to smaller harvests.
Mark Mobius is looking at Argentina, but should you? (ARGT, BMA, YPF)
Mark Mobius, executive chairman of the $45 billion Templeton Emerging Markets Group, is buying into Argentine stocks with attractive valuations.
Will 2012 be different for Latin America?
As 2012 looms, the situation in Latin America is different from that of China. Even Brazil, the regional powerhouse, does not have the economic resources for a massive stimulus program. So will the new year bring disaster or continued growth?
