Mexico Winning the Hearts of FX Traders as Brazil's Appeal Dims.

Bolsonaro is going to move forward with the spending policies to rally support in the election, "and that will translate into BRL weakness", said Brendan Mckenna, a currency strategist at Wells Fargo. (Bloomberg) -- Traders of Latin American currencies have fallen out of love with this year's star performer and shifted their focus northward. [Extracted from the article]