RIO DE JANEIRO, BRAZIL - Latin American currencies should appreciate if Democrat Joe Biden wins the U.S. presidential election next month, as he is inclined to adopt more friendly international policies, according to U.S. banking giant JPMorgan Chase.
Currencies in the region could appreciate by an average of between five and ten percent in this scenario, depending on the markets' pricing of the result, said Carlos Carranza, head of the bank's New York-based local Latin American market strategy.
The exchange analysts in his team have been rated as the most accurate in the region in three of . . .