EMERGING MARKETS-Dollar retreat lifts Latam currencies at start of data-heavy week [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
funding for Pakistan * Brazil's central government posts budget deficit in March * Latam stocks up 0.9%, currencies add 0.5% (Updated at 3:45pm ET/1945 GMT) By Bansari Mayur Kamdar April 29 (Reuters) - Latin American currencies tracked broader emerging market currencies higher on Monday as the dollar weakened and stocks in the region rose at the start of a data-heavy week. The dollar softened 0.3% as investors eyed a busy week with an interest rate decision by the Federal Reserve on Wednesday and closely watched U.S. payrolls data due on Friday. The Colombian peso rose 0.9% against the greenback, briefly touching its highest level in two weeks, and Colombian stocks climbed 1%. Investors expect Colombia's central bank to cut interest rates on Tuesday by 50 basis points at its second meeting in a row. "Our base case is for BanRep to continue with rate cuts at upcoming meetings, as we expect inflation to fall over the next three to six months," said Andres Abadia, chief Latam economist a
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