Investors eye Mexico and Brazil amid hopes in regime change
They believe a projected weakening in the dollar will support emerging markets
Emerging market currencies are set to receive a boost over the next two years amid a weakening dollar, investors articulated at the 17th annual FX Week Europe conference in London.
The Mexican peso and the Brazilian real are particularly coming into favour, the panellists said, as markets remain hopeful the countries’ new presidents will adopt policies amenable to markets.
“I think one of the best opportunities is around Mexican assets. I think they are very undervalued,” said Liam Spillane
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