Posted 11/16/2023, 8:38:50 PM
Latin American Markets Mixed as Oil and GDP Data Impact Currencies
- LatAm stocks up 0.4%, currencies flat as Brazil shares rally but Peru, Colombia FX drop after GDP data
- Falling oil prices weigh on commodity currencies like Mexican peso, Chilean peso
- Peruvian sol, Colombian peso fall over 1% each following weaker than expected GDP data
- Mexican peso hits near 2-month high on bets that Fed is done with rate hikes
- Colombia's president suggests not maintaining fiscal rule to boost recovery, weighing on peso