EMERGING MARKETS-Most Latam FX inch up as dollar loses steam; poised for weekly gains

The Latin American currencies index reversed its early loss and gained 0.2% as the dollar lost steam and traders analyzed Federal Reserve Chair Jerome Powell's comments on further rate hikes.

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8/25/2023

Major indexes fall 1%, focus shifts to upcoming Powell speech

The three major U.S. stock indexes ended down over 1% each, with the Nasdaq leading the decline, as investors were cautious ahead of Federal Reserve Chair Jerome Powell's speech and despite Nvidia's strong forecast and stock buyback announcement.

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.