The document discusses the value of Latin American currencies in the context of strong US/global growth. It suggests staying long on the Mexican Peso (MXN) against the USD, COP, and RUB due to favorable financial inflows and oil production prospects. The document also highlights the potential benefits for CLP/COP from trade terms and political uncertainty, while advising caution on BRL due to structural concerns. The analysis anticipates that Latin American currencies will offer more value in the coming months, with a focus on the Mexican Peso due to recent energy reforms.
doj/DataSet10/EFTA01446667.pdf
{"title":"FX Blueprint: Thin end of the wedge","document_date":"2014-01-09","document_type":"tabular","key_locations":["Latin America","Mexico","Brazil","Colombia","Chile"],"document_subtype":"financial analysis","key_organizations":["Deutsche Bank"],"reference_numbers":["DB-SDNY-0100968","SDNY_GM_00247152","EFTA01446667"]}