Latam FX to edge up initially if Democrats sweep U.S. vote

By Gabriel Burin



a stack of flyers on a table: FILE PHOTO: Mexican peso banknotes are pictured at a currency exchange shop in Ciudad Juarez


© Reuters/JOSE LUIS GONZALEZ
FILE PHOTO: Mexican peso banknotes are pictured at a currency exchange shop in Ciudad Juarez

BUENOS AIRES (Reuters) – Latin American currencies are poised to edge up briefly against a weaker U.S. dollar with a potential Democrat sweep in the U.S. elections, but domestic challenges will continue holding them back after any initial bounce, a Reuters survey showed.

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Former Vice President Joe Biden’s lead over Republican U.S. President Donald Trump has widened in the final days of the 2020 campaign in three critical Rust Belt states that Trump narrowly won four years ago, according to Reuters/Ipsos opinion polls.

The Mexican peso and the Brazilian real are set to gain in the event of a solid Democrat victory that would open a path to a swift fiscal stimulus package and gains for sectors such as green energy, adding downward pressure on the

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