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0 0 0.000538502961766374 0.00107700592353256 -0.0048465266558966 0.000538502961766374 -0.00430802369413023 0.000538502961766374
Stock impact report

REFILE-EMERGING MARKETS-Latam FX slides as weaker commodity prices weigh ahead of Brazil rate verdict [Yahoo! Finance]

Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) (VIV) 
US:NYSE Investor Relations: telefonica.com.br/ir
Company Research Source: Yahoo! Finance
down 0.5% By Shashwat Chauhan May 8 (Reuters) - Currencies of most resource-rich Latin American nations slipped on Wednesday, as softening commodity prices on a stronger dollar weighed, while Brazil's real was amongst top losers ahead of a likely interest rate cut later in the day. The Brazilian currency shed 0.2% against the dollar as iron ore prices, one of the country's top exports, came under pressure. The Brazilian central bank's rate-setting committee is widely expected to cut interest rates by at least 25 basis points later in the day, a third rate cut this year. "There are reasons for Brazil's BCB to be more cautious/hawkish when it meets today: the recent weakness in the BRL, a slowdown in disinflation, fiscal expansiveness, and adverse supply-side shocks (floods)," said Thierry Wizman, global FX & rates strategist at Macquarie. "But the longer-term narrative is still of a BCB that will get more dovish as time goes on, with its ongoing staff changes and alignment with the adm Show less Read more
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