Relevant and even prescient commentary on news, politics and the economy.

Big week for currency intervention measures

by Rebecca Policymakers across Latin America are announcing measures to stem currency appreciation against the $US. Since March 2009, the $US depreciated 25% against the Colombian peso, 28% against the Brazilian real, 14% against the Mexican peso, 12% against the Peruvian nuevo sol, and 11% against the Chilean peso. Much of the $US’s lost value […]