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The Brazilian Real depreciates for good reasons as Chile intervenes con gusto
Weekly investor research
02 December 2019
The BRL devalues as companies repay USD loans to borrow in BRL instead. The Central Bank of Chile intervenes con gusto. China frontloads infrastructure bond issuance as Alibaba debuts in Hong Kong. The Polish Supreme Court rules against banks on CHF-denominated loans. Sri Lanka’s new President slashes taxes, endangering fiscal stability. Colombia presents a new progressive tax bill cutting VAT for poorest 20%. Mexico unveils private sector infrastructure package to fight stagnation. Nigeria FX reserves decline further. Thailand manufacturing falters, but tourism rises.