Weekly outlook for Latam FX: Barclays

Quotes from Barclays Capital:

-On LatAm, the fiscal data for the first month of 2015 should be the highlight on Brazil (Friday). Despite the seasonal monthly improvement in the overall balance, a very wide deficit would be presented in the 12-month rolling basis.

-This shows the challenges that President Rousseff's economic team will face to achieve the 1.2% of GDP fiscal surplus target for this year.

-In addition, inflation prints in Brazil and Mexico on Tuesday should show acceleration in the monthly rate, although for Brazil we expect a jump in the y/y rate to 7.38%, from 6.69%, whereas for Mexico it should remain stable at 2.3%.