EFTA Document EFTA01387385

9 January 2018 FX Blueprint Theme #12: Tequila sunset - buy USD/MXN, buy BRUCLP The last few weeks of 2017 were uncharacteristically eventful in LatAm FX as the region's largest economies experience a tumultuous year-end due to a events ranging from monetary policy surprises to impeachment votes. We expect LatAm FX to continue to be driven mostly by idiosyncratic stories as our growth, inflation, and monetary policy forecasts vary substantially across countries and Presidential elections