EMERGING MARKETS-Mexican peso break losing streak, cenbank cuts rates

Latin American stocks gained on Thursday and currencies reversed early losses, with an expected interest rate cut by Mexico's central bank not hindering the peso's gains. The peso broke a four-session losing streak to rise 1.2% as the dollar lost traction against major rivals. Bank of Mexico cut the key benchmark rate by 25 basis points to 4.25%, in a unanimous decision, citing an environment of uncertainty an...

EMERGING MARKETS-Latam FX sapped by firm dollar on virus woes, Mexican peso drops 2.5%

Mexico's peso hit a six-week low on Wednesday and the Brazilian real extended losses for a fifth straight session against a perky dollar amid renewed fears over the fragile global economy's fate in the face of rising coronavirus cases. MSCI's index for Latin America Want to know more on EMERGING MARKETS-Latam FX sapped by firm dollar on virus woes, Mexican peso drops 2.5% click here go to market...

EMERGING MARKETS-Latam FX sapped by firm dollar on virus woes, Mexican peso hits one-month low

Latin American currencies resumed their slide on Wednesday, with the Mexican peso and Brazilian real hitting one-month lows against a perky dollar amid renewed fears over the fragile global economy's fate in the face of rising coronavirus cases. Both the Mexican peso and Brazilian real sh Want to know more on EMERGING MARKETS-Latam FX sapped by firm dollar on virus woes, Mexican peso hits one-month low click here...

EMERGING MARKETS-Latam stocks stabilize after pullback, FX mixed

Latin American Stock Market ticked higher on Tuesday after a pullback in the prior session while the Mexican peso retreated further from a six-month peak as focus turned to an upcoming central bank meeting. The Mexican peso was down 0.2%, dropping for a third straight session. The Bank of Mexico is expected to slow the pace of interest rate cuts at its policy meeting on Thursday amid a...

EMERGING MARKETS-Bumper retail sales lift Brazil’s real, Mexican peso at six-month high

Brazil's real extended gains to a second day on Thursday after July retail sales surged to a six-year high, while other Latin American currencies capitalized on the dollar's weakness. A jump in the euro, after the European Central Bank reiterated that there were no foreign exchange targets for the common currency, weighed on the dollar. But elevated weekly jobless claims numbers in the United States underscored a tough...
Close

Market News Language