Brazil's economic, political and currency travails were popular topics of discussion, with the majority of investors expecting further USD-BRL upside by mid-2015.
The Brazilian real (BRL) was viewed as the most vulnerable Latam currency in the context of domestic fundamental weakness and USD strength.
"Our view of a USD-BRL rally to 3.70 in Q3 was well received, although some investors were mindful of the high cost ofcarry in shorting the BRL, particularly if the recent USD consolidation phase continues", says Standard Chartered.
