July 27, 2021
General News

EMERGING MARKETS-Rallying dollar hammers Latam FX, Brazil’s real sinks 2% on politics

    * MSCI's EMFX index hits two-month low
    * Mexican peso down 0.8%, Chile, Colombian FX down over 1%
    * Stocks track global sentiment lower
    * Televisa drops after scaling November 2018 highs

 (Rewrites throughout, updates prices)
    By Ambar Warrick and Susan Mathew
    July 6 (Reuters) - Emerging market currencies slumped to a
two-month low on Tuesday, with Brazil's real looking to post its
worst session in four months, hammered by political woes,
sliding commodity prices and a rallying dollar.
     The real extended losses into a sixth
straight session, sinking 2% on concerns over corruption
scandals in the country, which implicate President Jair
Bolsonaro. Recent losses in the real have cost it its title of
the best performing emerging market currency this year.

    Sliding copper prices saw Chile's peso fall 1.6%, its
biggest percentage drop in seven weeks, while...

Read full article here: www.reuters.com