EMERGING MARKETS-Peru's sol falls ahead of rate decision; Mexican peso under pressure [Yahoo! Finance]
SLC AGRICOLA SA S/ADR (SLCJY)
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Source: Yahoo! Finance
Chauhan March 7 (Reuters) - Most Latin American currencies fell against the dollar on Thursday, with Peru's sol leading declines ahead of a likely local rate cut, while Mexico's peso weakened after cooling inflation data strengthened the case for policy easing. The Mexican peso fell 0.2% after official data showed headline inflation eased slightly more than expected in February. Consumer prices in Latin America's second-largest economy rose 0.09% in February against expectations of a 0.11% increase. "The increase, however, was the smallest for a February since 2021, highlighting that the underlying picture is still improving consistently, easing the pressures on Banxico," said Andres Abadia, chief LatAm economist at Pantheon Macroeconomics. "All in all, inflation continues to fall in Mexico, and we expect a trend of gradual easing this year." Members of the Bank of Mexico's governing board last month recognised Mexico's progress bringing down inflation but called for caution. Peru's s
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