Forecasts for Argentina, Brazil and Venezuela were cut substantially this month due to a variety of internal factors including, the holdouts case in Argentina, the Petrobras scandal in Brazil and Venezuela’s erratic economic policy.
Currently, major Latin American currencies are resting near multi-year lows, reflecting low commodity prices, deteriorating economic prospects and growing speculation that the interest rate increase in the U.S. will take place sooner than expected.
Hover over our interactive infographic below to get details:
