👉 Global markets surged to new highs on Tuesday, driven by expectations of a US rate cut and optimism around AI-related investments.
👉 Latin American currencies have outperformed, with the MSCI International EM Latin America Currency Index rising to its highest level since 2009.
👉 The high real carry in Latin American currencies, particularly in Brazil and Mexico, has attracted foreign investors.
👉 The upside potential may be capped due to the significant gains already made this year.
👉 President Trump's pressure on the Fed and other institutions may continue to impact markets.