Demand for cover towards a selloff in key Latin American (LatAm) currencies has been rising steadily since December, as buyers look to guard their carry trades from geopolitical impacts and sellers attempt to pare again tail dangers.
International alternate choices notional volumes in Brazilian actual and Mexican peso reached $8.2 billion and $3.5 billion, respectively, on January 5. That’s 57% and 65% increased than their earlier three-month averages, following the US navy operation to seize
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