Most Latam currencies rise as dollar weakens Apr 17 2019 [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Reuters
Most Latam currencies rise as dollar weakens - Reuters 3 Min Read (Reuters) - Most Latin American currencies firmed on Wednesday as the dollar weakened after upbeat economic data from China eased some fears of a slowdown in its economy. Currencies of Mexico, Chile and Colombia strengthened between 0.2 percent and 0.4 percent, but Brazil’s real weakened 0.6 percent and hit a two and a half week low. The dollar lost ground after China reported unexpected economic growth in the first quarter, adding to positive economic data out of the country since late last week. Argentina’s peso recovered from Tuesday’s falls as the government announced new measures on Wednesday, including a freeze on prices on public services, in a bid to contain inflation ahead of upcoming elections in October. Data showing inflation rose for the third straight month hit the peso on Tuesday, and prompted the central bank to take action. The bank said it would reinforce the “contractionary bias” of monetary policy, w
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