Eduardo Suarez

Brazilian Real Falls as Tax Removal Not Enough; Swap Rates Jump

Brazil’s real posted the biggest decline in emerging markets after the government’s interventions this week failed to staunch capital outflows triggered by faltering economic growth and a jump in U.S. bond yields.

Brazilian Currency Rises From Four-Year Low After Tax Eliminated

Brazil’s real rose from a four-year low after the government removed a 1 percent tax charged on wagers against the dollar in a second easing this month of capital controls to stem the local currency’s rout.

Brazilian Real Selloff Sparks More Intervention: Sao Paulo Mover

Brazil’s real touched a four-year low, prompting the central bank to intervene for a second straight day to stem the rout. Swap rates surged on concern the weakening currency will cause inflation to accelerate.

Mexican Peso Declines on U.S. Job Data, Carstens’s Rate Cut Talk

Mexico’s peso fell after a report showing U.S. companies added the fewest number of workers in seven months added to evidence that economic growth in the Latin American nation’s biggest trading partner is slowing.

Mexico Peso Drops on Speculation Fed to Consider Easing Stimulus

Mexico’s peso fell for a sixth day in its longest losing streak since November as speculation the Federal Reserve will consider scaling back its record program of asset purchases reduced demand for emerging-market assets.

Brazil Rate Futures Yields Plunge on Plan to Cut Savings Returns

Yields on Brazilian interest-rate futures extended their weekly drop to the biggest since 2008 as the government planned to reduce returns on savings accounts to facilitate deeper cuts in the benchmark Selic rate.

Brazil Swap Rates Decline Before Inflation Report; Real Advances

Brazil’s swap rates fell before a report forecast to show annual inflation slowed in April, encouraging speculation that the central bank will limit increases in borrowing costs.

Mexico’s Peso Rises as Senate Poised to Vote on Telecom Reforms

Mexico’s peso rose to a 20-month high amid speculation lawmakers are moving closer to approving a bill to boost competition in the telecommunications industry, fueling optimism for legal reforms that could bolster growth.

Payments Rising to $7 Billion Next Year Spur New Offer: Argentina Credit

Argentina is attempting to persuade debt holders to accept a swap offer for the second time this year as the government seeks to regain access to international markets with $7 billion of foreign obligations due next year.

Mexican Peso Gains as Investors Signal Agreement on Greece Bonds

Mexico’s peso gained the most in two months as the Greek government’s deadline for the biggest sovereign restructuring in history passed with a majority of investors signaling their readiness to participate in the swap.

"Although we have seen some positive signs out of the government, the fact is that the actions were reactive rather than proactive."

- Eduardo Suarez on Jun 14, 2013

Nova Scotia

Brazil

Mexico

U.S. Stocks Rise as Investors Await Fed Policy Statement

Yahoo Received Up to 13,000 Data Requests From U.S. Agencies

U.S. Stocks Rally as Yen Drops, Treasuries Fluctuate

Yen Falls Second Day Versus Dollar Before Fed; Franc Rallies

Putin Agrees to Call for Syrian ‘Transitional Government’