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
0mins
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.
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.
