Latin America Currency Roundup: Neutral Short-Term, Depreciation Long-Term

• Fitch Solutions, is broadly neutral on Latin America's major currencies over the short term.
• Most units weakened significantly over the last year, reflecting a rise in domestic political risks and volatility in global markets that favored the US dollar and undermined key commodity prices.
• In 2020, it is expected that depreciatory forces will generally ease, but there is little to support nominal appreciation in the region.

(Source: Fitch)