EMERGING MARKETS-Mexico's peso rises after inflation data, Banxico minutes; BRICS invites new members

Mexico's peso rose against the dollar after central bank minutes and inflation data indicated that interest rates would remain on hold for longer, while the BRICS group invited Argentina and five other countries to join the bloc.

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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.

9/6/2023

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.

9/18/2023

Canadian Business News Roundup: Clean Tech Funding in Limbo, Uruguay's Economy Grows Independent, Bank Closures and Job Cuts, Air Travel Complaint Backlog, Toronto Landlord's Electric Vehicle Ban Faces Legal Issues

Uruguay's central bank is thriving with low inflation, a strong currency, and a pivot towards interest rate easing, while Argentina's economy struggles, highlighting the diverging paths of the two neighboring countries.

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.

9/22/2023

Bitcoin Surges to 19 Million Pesos in Argentina Amidst Currency Collapse Fears

Bitcoin's price in Argentine pesos has risen significantly, but due to high inflation rates in Argentina, it has not been a reliable store of value compared to the US dollar.