The coins of Latin America were trading on Monday between stable and rising compared to the dollarin the middle of a day of advances in raw materials and despite the strengthening of the greenback in international markets, while the regional stock markets gained, led by the Argentine benchmark.
The exception was the Brazilian real that weakened and remained above the psychological level of 6 units per dollarafter solid growth data that fueled concerns about inflation.
Soybeans, oil, copper and gold were some of the region’s main exports that rose.
He dollarwhich usually sees some weakness in December due to foreign currency purchases in the United States, was strengthened both by the weakness of the euro and by expectations about Donald Trump’s governmentwhich over the weekend defended its role as the world’s reserve currency.
How LATAM currencies are quoted
“The currencies of the region present slight corrections in the trend, although they are still at high levels against the dollar, however, the correlation that exists between them and the pressure that is released with the pause in the upward trend of the dollar today could allow the Colombian peso to show appreciation movements,” said the Acciones y Valores brokerage in Bogotá.
He colombian peso It recovered 0.31%, to 4,446.97 units per dollar, after two days of losses. The COLCAP stock index rose 0.12%, to 1,400.29 units.
“The increase of more than 1% in the prices of oil and the stability in the premium country risk (5-year CDS at 195 points), will support this expected performance of the local currency,” Acciones y Valores added.
He real lost ground against the dollar and remained above 6.06 reais, with investors evaluating Brazil’s GDP figures for the third quarter and observing the gains of emerging currencies abroad, awaiting employment data from USA.
The Brazilian economy slowed in the third quarter but maintained strong momentum, supported by increased investments and a strong labor market, which has boosted household consumption.
The brazilian currency It weakened by 0.41%, to 6.0831 reais per dollar, while the stock market’s benchmark index, the Bovespa, rose by 0.55%, to 125,929.23 points.
He mexican peso rose 0.11%, to 20.3548 units per dollar, while the S&P/BMV IPC index, made up of the 35 most liquid stocks on the market, rose 0.12%, to 50,477.16 points and consolidated its strong advance of more than 1.2% the day before.
The deputy governor of Mexico’s central bank Irene Espinosa said on Tuesday that given the current conditions of uncertainty it is complex to assess the pace of monetary policy and was in favor of “graduality.”
The chilean currency It strengthened 0.67%, to 971.41 pesos per dollar, while the main index of the Chilean stock market, the IPSA, rose 0.26%, to 6,657.42 points.
The Peruvian currency, the sunappreciated 0.32% to 3.743/3.744 units per dollar. Meanwhile, the Lima Stock Exchange benchmark advanced 0.44% to 792.73 points.
Source: Ambito
