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Latam currencies pull back after rally

Posted on 20 November 2013

Latin American currencies slipped on Tuesday after a recent rally, while the Chilean peso weakened on bets that the central bank would cut interest rates, which it did by a quarter of a percentage point after the market close.
Mexico’s peso pulled back from a three-week high while the Brazilian real retreated from its strongest level against the dollar in two weeks. Reports on U.S. retail sales, existing home sales and consumer prices due on Wednesday will influence expectations about when the U.S. Federal Reserve could start cutting back on a bond-buying program that has increased investor appetite for emerging markets over the past few years……………………………………Full Article: Source


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