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Latin America

Mexican Peso Soars to Six-Year High Against the Dollar

The Mexican Peso reached 16.56 against the dollar on Wednesday, its best performance since late 2015. This surge is tied to expectations that Mexico's central...

Colombia Expels Argentine Envoys After Harsh Critique

Colombia decided to expel Argentine diplomats after Argentine President Javier Milei's harsh words about Colombia's President Gustavo Petro on CNN. Milei's terming Petro a "terrorist murderer" led to this diplomatic action. Colombia's Foreign Ministry condemned...

Hedge Funds’ Optimism on Copper Signals Growth for Chile, Peru, and Mexico

Hedge funds are increasingly positive about copper, vital for the economies of Chile, Peru, and Mexico. Delphos Investment's report reveals this sector's net copper position...

Argentina’s Economic Plans: Stable Dollar, Less Debt, and Inflation Control

Argentina's leadership recently shared its economic strategy, which shed light on future plans for...

Colombia’s Unemployment Rate Climbs to 11.7% in Early 2024

As reported by DANE, Colombia's joblessness rate reached 11.7% in February 2024, a minor rise from 11.4% the year...

Milei to Slash 70,000 Government Jobs in Argentina

On Tuesday, Argentine President Javier Milei sharply criticized past "populist" regimes, unveiling plans to cut 70,000 government positions. This move marks a deeper push into...

Chile’s Strategic Move in Lithium Sector

On Tuesday, Chile declared its intention to secure a controlling interest in exploring and exploiting significant and safeguarded salt...

Paraguay’s 2023 Economic Rise: A 4.7% Leap

In 2023, Paraguay's economy experienced a 4.7% upswing, according to a report by the Central Bank of Paraguay (CBP). This...

Public Confidence and Policy Challenges in Milei’s Argentina

In March, public trust in Javier Milei's Argentine government slightly waned amid legislative obstacles...

Bullish Sentiment Peaks on Mexican Peso Among Funds

Funds and asset managers are significantly increasing their optimistic stakes on the Mexican peso, hitting...

Argentina Faces Historic Wage Slump Amid Economic Reforms

Argentina's private sector witnessed the sharpest wage decline in nearly 30 years due to the peso's significant devaluation under...