EMERGING MARKETS-Mexican peso cheers rate hike prospects

emerging markets mexican peso cheers rate hike prospects

Sumary of EMERGING MARKETS-Mexican peso cheers rate hike prospects:

  • But helping keep hopes of bettering economic fundamentals alive, Brazil’s government on Thursday cut its 2021 primary budget deficit forecast, on an expected jump in tax revenues on the back of stronger economic growth.
  • But Latin American assets lagged their peers due to rising COVID-19 cases in major economies.
  • The Pan American Health Organization said the Americas is facing a pandemic of the unvaccinated, as it warned countries with low inoculation rates are seeing increases in COVID-19 and repeated a call for vaccine donations.

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