BloombergTrades focused on Latin American currencies are among the top performers. The Brazilian real, for instance, has already returned 4.5% so far in 2026, building on last year’s 23.5%. The country’s interest rates are at 15% even though inflation has slowed toward the central bank’s target range. The Mexican peso’s carry trade has returned 4.3% this year, with Deutsche Bank maintaining a bullish stance on the currency.Citi strategists too are among those recommending buying the real against the dollar ...