FXstreet.com

Weekly Observatory Latin America

4

0

Brazil the government levied a 2% tax on foreign capital inflows

Tue, Oct 27 2009, 09:30 GMT
by BBVA Bancomer Team

BBVA Bancomer


In Brazil the government levied a 2% tax on foreign capital inflows and the Central Bank kept interest rates constant. Regarding activity, September data confirms the downward trend on unemployment rates in Chile and Brazil. On the other hand, the m/m declines of industrial production index in Colombia and retail sales in Mexico remark the weakness of the recovery in these cases.


Archive

BBVA Bancomer  | Av. Universidad 1200 Col. Xoco México 03339 D.F.
http://www.bancomer.com/economica | e.economicos@bbva.bancomer.com

Legal disclaimer and risk disclosure

This document was prepared by Banco Bilbao Vizcaya Argentaria’s (BBVA) Research Department on behalf of itself and its affiliated companies (each a BBVA Group Company) for distribution in the United States and the rest of the world and is provided for information purposes only. The information, opinions, estimates and forecasts contained herein refer to that specific date and are subject to changes without notice due to market fluctuations. The information, opinions, estimates and forecasts contained in this document have been gathered or obtained from public sources believed to be correct by the Company concerning their accuracy, completeness, and/or correctness. This document is not an offer to sell or a solicitation to acquire or dispose of an interest in securities.

Related reports

Top Fundamental Stories - The world's largest economy remains fragile… by ecPulse.com
Mon, Nov 23 2009, 13:46 GMT

Euroland: French service PMI above 60 – others will follow by Danske Bank A/S
Mon, Nov 23 2009, 13:46 GMT

Macro Monitor - Hungary by Danske Bank A/S
Mon, Nov 23 2009, 12:07 GMT

The Week Ahead - Focus on the new home sales by X-Trade Brokers, XTB
Mon, Nov 23 2009, 11:49 GMT

European Market Update - Stocks aided by rising risk appetite by TradeTheNews.com
Mon, Nov 23 2009, 11:03 GMT

indicator, government, brazil, usdbrl

View All

Related content


Interested in forex trading? forex brokerage firms!


FX Solutions LLC
Contact the broker/FDM
Open a demo account
FOREX.com
Contact the broker/FDM
Open a demo account
FXDD
Contact the broker/FDM
Open a demo account
Forex Club Financial Company
Contact the broker/FDM
Open a demo account
Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.