Posts Tagged ‘ps3 video games’

Horacio Pozzo

Tuesday, August 27th, 2013

But given that the strengthening of the euro, the yen and the yuan against the dollar proved to be less than the appreciation of the peso, Chilean peso, weight Uruguayan and, obviously, the Brazilian real relative to the U.S. currency, the competitiveness of these Latin American currencies has been deteriorating against all of them. In the case of the Peruvian nuevo sol, this coin was only appreciated less than the euro, but more than the yen and the yuan, so that his luck has not been very different from that of this group of Latino coins. Now well, while nominally not perceived a strong appreciation of the exchange rate for currencies in Venezuela, Bolivia, Uruguay and Argentina, the competitiveness has also been damaged when one puts the eye, not in the nominal exchange rate, but in the real exchange rate. This is a consequence of high rates of inflation faced by these economies.

The strong deterioration in the competitiveness of Latin American economies is clearly reflected in the growing concern of its entrepreneurs who see is how difficult access to external at the same time markets that increase the threat of imported goods. It is true that the situation requires action immediate, but not of the type that they intend to from the Union Industrial Argentina (UIA) the Argentine newspaper Ambito Financiero reflected that last Tuesday, entrepreneurs from the UIA intimating him the Minister of economy, the need for a devaluation of the Argentine peso from the UIA, with De Mendiguren at the head, was impelled the devaluation of 2002 in Argentina and I imagine that they will be eager to repeat the experience. The pressures are multiplying so that these countries stop the appreciation of the type of change in relation to the dollar. But the inflationary threat deters most of them to try a direct intervention in the currency markets (at least, not in the form that is required to curb the appreciation of the currencies). So that you can see indirect actions to halt the deterioration of the competitiveness of the sectors domestic entrepreneurs, such which comment on them in the article on Chile for a week ago (), or in the case of Colombia with tariff reductions for raw materials. At the moment, the strength of domestic demand in these countries compensated for the problems generated by this loss of competitiveness of the coins. But you have to follow closely the evolution of the exchange rates so that they do not become a new Achilles heel in the growth of the same. We will find ourselves again tomorrow, Horacio Pozzo – special report – commodities prices rise especially those related to the boom in ethanol, like corn and soybeans. There is another crop which will benefit as a result of both corn and wheat planted see how you can take advantage also of this movement.