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Latin American currencies depreciate to lowest level since 2003

Posted on 04 February 2014

Latin American currencies fell, sending an index tracking the region’s foreign-exchange rates to the lowest since 2003, as manufacturing gauges declined in China and the U.S., the region’s biggest trading partners.
The Bloomberg JP Morgan Latin America Currency Index, which tracks the region’s six most-traded currencies including Brazil’s real and Mexico’s peso, fell 1 percent to 89.39 as of 3 p.m. in New York, the lowest closing level since March 2003. Colombia’s peso sank 1.5 percent, while Mexico’s currency fell 1.3 percent………………………………………..Full Article: Source

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