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Latin American currencies rebound on German confidence

Posted on 25 May 2011

Latin American currencies strengthened on Tuesday, led by Brazil’s real and Mexico’s peso, after stronger-than-expected economic confidence data in Germany, the world’s fourth-largest economy.
The data lifted oil, copper, coffee and other commodities, the backbone of many Latin American economies, following yesterday’s declines. That gave further support to the region’s currencies……………………………………….Full Article: Source


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