Demand for cover in opposition to a selloff in key Latin American (LatAm) currencies has been rising steadily since December, as traders look to guard their carry trades from geopolitical impacts and sellers attempt to pare again tail dangers.
International trade 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% greater than their earlier three-month averages, following the US army operation to seize
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