Home » News » Latin American currencies fall due to strength of the dollar and weak GDP of China

Latin American currencies fall due to strength of the dollar and weak GDP of China

FILE PHOTO: A photographic illustration shows Mexican pesos and US dollars in Mexico City. March 10, 2015. REUTERS / Edgard Garrido

BOGOTÁ, Oct 18 (Reuters) – Latin America’s major currencies fell on Monday at market opening amid the global strength of the dollar on global inflation concerns stemming from rising energy prices, and after the news that China’s economy slowed in the third quarter.

* Oil prices, which extended a recent rebound amid a global energy shortage, fueled concerns about inflation.

* The market was feared that central banks would withdraw monetary stimulus to face inflationary pressures, according to analysts.

* China’s economy reached its slowest growth rate in a year in the third quarter, affected by the energy crisis and problems in the real estate sector.

* Stock markets in Latin America were uneven.

* In Brazil, the real fell 1.28% to 5.5313 units per dollar, while the Bovespa equity index fell 1.26% to 113,204.44 points.

* The Mexican peso lost 0.69% to 20.4695 per dollar, while the benchmark S & P / BMV IPC stock index fell 0.4% to 52,589.43 points.

* In Argentina, the peso fell 0.14% to 99.33 units per dollar and on the stock market the Merval index gained 0.54% to 82,439.187.85 units.

* The exchange and stock markets of Colombia remain closed for a holiday to celebrate Columbus Day.

* The Chilean peso rose 0.17% to 822.20 / 822.50 units per dollar and the IPSA stock index rose 1.32% to 4,034.64 points.

* The Peruvian currency, the sol, fell 0.31% to 3.942 / 3.944 units per dollar and the benchmark of the Lima Stock Exchange lost 0.32% to 536.36 points.

Quotes at 1420 GMT

Indices Quote Var pct Var pct

daily shareholders in the year

MSCI Emerging Markets

1.283,67 -0,63

1,34

MSCI Latin America

2.296,42 -6,34

2,24

Brazil Bovespa

113.204,44 -4,8840

-1,26

CPI Mexico

52.636,14 19,45

-0,31

Argentina MerVal

82.117,54 170,93

0,155

COLCAP Colombia

1.426,2 ∞

0,67

IPSA Chile

4.066,72 -20,34

2,12

Selective Peru

536,43 4,70

-0,3

Dollar versus Quote Var pct Var pct

to coins monthly in the year

Brazilian real

5,5295 -6,09

-1,59

Mexican peso

20,4093 -2,53

1,13

Chilean peso

818,9 -13,23

-1,05

Colombian peso

3.771,53 -9,19

0,91

Peruvian sun

3,9420 -8,22

5,14

Argentine peso

99,27 -15,35

-0,53

(Reporting by Luis Jaime Acosta. Additional reporting by Miguel Angel Gutiérrez in Mexico, Carlos Romero and Benjamín Mejías in Santiago and Walter Bianchi in Buenos Aires.)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.