Economy / Paraguay
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PYG: Still Going Strong
March 2007 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: The guarani continues to show considerable strength against the US dollar, and is trading at levels not seen for nearly five years. Robust economic growth data, a recovery in inflation, and a record soy harvest are all supporting the unit's upward movement. As such, we have raised our year-end forecast to PYG5,020/US$.