EMERGING MARKETS-Brazil's real rises, Chilean peso slides as copper prices fall

The Brazilian real strengthened as iron ore prices rose, while Chile's peso weakened due to falling copper prices; Mexico's peso declined for the third consecutive session; Petrobras shares fell after the company halted some asset sales; Israel's shekel gained after the central bank left interest rates unchanged; trading volumes were low due to the Labor Day holiday in the US.

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8/23/2023

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

The Argentinian peso weakened against the dollar on the black market while stocks rose as investors awaited the approval of Argentina's loan program by the International Monetary Fund (IMF) board, following a staff level agreement in July.

8/24/2023

EMERGING MARKETS-Most Latam FX slip as dollar pops; Chile's peso hits 3-week high

Latin American currencies are under pressure from a strong dollar as traders await remarks from Federal Reserve Chair Jerome Powell on U.S. interest rates, while the Chilean peso reaches a three-week high; meanwhile, Argentina stocks are seen as a "safeguard of value" amid economic turmoil, but the country faces opposition to joining the BRICS bloc.

9/4/2023

EMERGING MARKETS-Stocks up, FX gains on Brazil's real boost

Latin American currencies rose, with the Brazilian real leading the gains, ahead of economic data, while Petrobras halted some asset sales after a review, and a Brazilian court approved the debt restructuring plan of Samarco.

9/6/2023

EMERGING MARKETS-Mexican peso leads Latam FX lower, stronger dollar weighs

Most Latin American currencies fell as the dollar strengthened on robust U.S. economic data, with the Mexican peso leading the declines, while Chile's peso gained after the central bank cut its benchmark interest rate and lowered its economic growth forecast for 2023.

9/20/2023

Latin American Assets Mixed After Hawkish Fed Holds Rates Steady

Latin American currencies pared gains against the dollar as the U.S. Federal Reserve signaled tighter monetary policy, while Brazilian stocks rose ahead of a rate cut by the central bank.

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Posted 9/4/2023, 7:36:06 PM