Latin American currencies will recover slightly • Forbes México

Reuters .- Latin American currencies are expected to fall in the coming months, according to the latest poll by Reuters, but there are signs that confidence is weak among strategists and economists.

] For the Brazilian real, the survey predicts a strengthening of 8.6% in 12 months, to 3.60 per dollar, according to the median of 38 forecasts, against 3.50 in the survey former.

This is a relatively small change after the collapse of the currency in June for the fifth consecutive month to a two-year minimum, the central bank has increased its intervention.

But the details of the investigation gave rise to additional precautions. Of the 19 forecasters who also responded to the previous survey, 15 predicted a weakening of the real one, three maintained their estimates and only one raised them.

Some of those who seemed to be more certain of the strength of the real were among those who

You can read: FDI in Central America reaches 13,083 million dollars: Cepal [19659003] Meanwhile, the projections were almost as wide as in the June survey, when they recorded their "It may be difficult to separate short-term currency movements from changes in the underlying outlook, but the balance leans clearly towards a real gap. "

weaker in the long run," said Economist Guard Asset Management Daniel Weeks.

Growing evidence of a trade war between C hina and the United States United have had investors take refuge in less risky assets, favoring the dollar.

In addition, a national truckers' strike has almost paralyzed the major sectors of the largest Latin American economy in the world. the last weeks of May, which led economists to reduce their expansion estimates.

For the Mexican peso, the survey projected a strengthening of 2.3% to 19 units per dollar in 12 months, very close to the consensus of 18.83 per dollar. "We believe that at current levels, most of the bad news regarding the North American Free Trade Agreement (NAFTA) and the presidential elections are already reflected in the Mexican peso," they write. . in a report the strategists of Bank of America Merrill Lynch.

On the other hand, the Argentine peso would continue with a lower performance than its peers. After having weakened by 34% so far this year, the peso is expected to fall 12.1% in 12 months to reach 31.9 units per dollar, up from 26.25 previously.