EMERGING MARKETS-Mexican peso leads Latam FX down as US inflation data bolsters Fed rate worries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2024
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Should l Buy ?
Source: Yahoo Finance
- Mexican Peso and Latin American currencies: Mexican peso weakened against the dollar due to concerns about U.S. inflation, leading to losses in other Latin American currencies like the Brazilian real and Colombia's peso.
- Stocks in Latin America: Stocks in Latin America fell by 0.5%, with specific impacts on Mexican stocks due to a strong peso affecting companies like Arca Continental and Cemex.
- Chile's Peso and Copper Prices: Chile's peso rose as copper prices remained firm, driven by a takeover bid in the market focused on copper.
- Brazil's Economy: Brazil's Bovespa index fell by 0.4% as Vale, a heavyweight miner, reported lower earnings due to decreased prices for iron ore, nickel, and copper.
- Global Economic Updates: Turkey's lira remained stable after its central bank kept interest rates steady, while Sri Lanka emphasized the importance of sticking to its IMF agreement for debt restructuring.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
