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Chile, Colombia, Mexico and Peru Meet to Discuss Currency Intervention

Finance Minister from Chile, Colombia, Mexico and Peru met in Lima to discuss the options available to deal with the effects of their respective currencies fast appreciation. Exporters in the four countries have pressured the government to act to curb the rise of the home currency, but it might be beyond the means of the local central banks.

The Minister of Chile did not discount the use measures such as currency controls, but he did label them a “last resort”

With large capital inflows as the result of quantitative easing programs in the U.S., Europe and Japan emerging market around the world are sizing different options to meet the current challenge. From Mexico to Thailand the options are not guaranteed to work as the world’s largest economies struggle to return to growth.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza [5]

Senior Currency Analyst at Market Pulse [6]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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