B · Normal
[Brazilian real’s sharp fall does not hinder carry trade, the yen’s financing role remains stable] October 27th, the Japanese yen’s role as a Latin American carry trade financing currency remains solid. While the Brazilian real fell sharply against the yen following Lula's re-election as Brazilian president, other currencies in the region gained, including the Chilean, Colombian and Mexican peso. This highlights continued demand for Latin American currencies, which have been a key destination for investment after borrowing the yen. (Xinhua Finance)
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