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Latam currencies drop on world growth concerns

Posted on 22 February 2013

Latin American currencies weakened on Thursday for a second consecutive session after a series of weak economic data in the United States and Europe fueled concern about the global economy, driving investors to the perceived safety of the dollar.
The data, which showed deteriorating business conditions in Europe and the United States, as well as a struggling U.S. labor market, came as investors still fretted about a Federal Reserve threat to scale down or withdraw its monetary stimulus program before expected…………………………………….Full Article: Source


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