With the exception of Venezuela and Argentina that have government administered exchange rates, in the rest of the main Latinamerican money markets the depreciation of the US dollar continues with no end in the short term according to the latest data.
Argentine president Cristina Fernandez de Kirchner is preparing for an agenda of international meetings, both at home and overseas, with the purpose of fulfilling her electoral promise that global relations will be paramount for her administration, reports the Buenos Aires press.
Industrial output in Brazil grew last year at its fastest pace since 2004, jumping 6% boosted by domestic demand according to official data. The surge in industrial activity was broad, driven by a sharp increase in the availability of credit allowing Brazilian consumers to buy more cars and home appliances.