EMERGING MARKETS-Most Latam currencies edge higher ahead of rate decision flurry [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Yahoo! Finance
Chauhan May 7 (Reuters) - A gauge of Latin American currencies rose on Tuesday, with Brazil's real leading gains ahead of a spate of central bank rate decisions in the region this week, while global sentiment remained upbeat on hopes of U.S. Federal Reserve rate cuts. By 10:14 a.m. ET (1414 GMT), MSCI's index for Latin American currencies had added 0.1%, while a gauge for stocks gained 0.4%. Brazil's real rose 0.2% against the dollar with the central bank's Copom rate-setting committee widely expected to cut interest rates by at least 25 basis points on Wednesday. Mexico's peso edged 0.1% higher against the dollar with Banxico seen holding rates at 11% on Thursday. "The credibility challenge facing the central bank stems from the significant divergence between its inflation forecast and consensus," Societe Generale strategists wrote in a note. "Banxico maintains a high real rate buffer vs historical numbers and vs the Fed's policy rate." Chile's peso dipped 0.4% against the dollar aft
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