Vaccines Could Change Fortunes of These Two Emerging Currencies
- The Chilean and Mexican pesos in pole position to rebound
- Malaysian ringgit may struggle with less doses, surging cases
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The Covid-19 vaccines may be on their way to reviving the fortunes of two Latin American currencies.
The Mexican and Chilean pesos are in pole position to rebound as the vaccines are finally rolled out, according to a Bloomberg study of 12 emerging-market currencies measuring lockdown rates against vaccine coverage and relative valuations.