Latin American currencies operate mixed after expected inflation data in the US

By Froilan Romero

SANTIAGO, Oct 13 (Reuters) – Latin American currencies performed unevenly in early trading on Wednesday amid a global decline in the dollar, following US inflation data that markets waited for clues on the next moves of the Federal Reserve.

* The United States CPI rose 0.4% month-on-month in September, above market expectations. A Reuters poll of analysts had expected the figure to rise 0.3% in September.

* The core CPI (a price index that excludes fresh food and energy due to its high volatility) year-on-year rose 4.0%, the same variation as that experienced in August And met market expectations.

* The dollar index, which compares the US currency against a basket of six major currencies, was down around 0.3%.

* The Mexican peso was trading at 20.7482 to the dollar, up 0.13% from the Reuters reference price on Tuesday as it trimmed early gains on US inflation data. Before the figures, the peso appreciated 0.46%.

* “Today’s inflation report can be considered mixed,” said analysts from local CI Banco. “In any case, the figure justifies that the Fed starts tapering as early as its November meeting and the initial reaction of the Mexican currency is negative.”

* The main stock index S & P / BMV IPC, which is made up of the 35 most liquid companies in the Mexican market, rose 0.23% to 51,854.60 points and was heading for its fourth consecutive rise, pending the minutes of the Federal Reserve.

* The Federal Open Market Committee (FOMC) of the US central bank will present the minutes of its most recent monetary policy meeting at 1800 GMT.

* The Brazilian real depreciated 0.31%, to 5.5494 units per dollar, while the Bovespa index on the Sao Paulo stock exchange B3 climbed 0.23%, to 112,437.31 units.

* In Argentina, the peso fell 0.05%, to 99.15 per dollar in depreciation regulated by the central bank, while the Merval stock index of the Buenos Aires stock market fell 0.1%, to 77,842, 24 points.

* “The leading panel does not mark large movements and remains above 77,500 points but the volume of business is low,” said settlement and clearing agent Neix.

* The Chilean peso fell 0.49%, to 823.80 / 824.30 units per dollar. Meanwhile, the leading index of the Santiago Stock Exchange, the IPSA, fell 0.76%, to 4,072.66 points.

* The Colombian peso opened with a slight rise of 0.04% to 3,719.90 units per dollar, while the benchmark index of the stock market, the MSCI COLCAP advanced 0.17% to 1,388.80 points.

* The Peruvian currency, the sol, gained 0.02%, at 4,020 / 4,038 units per dollar. Meanwhile, the benchmark for the Lima Stock Exchange grew 1.21%, to 520.42 points.

Quotes at 1408 GMT

Indices Quote Var pct Var pct

daily shareholders in the year

MSCI Emerging Markets

1.253,63 -2,95

-0,95

MSCI Latin America

2.217,19 -9,57

-0,07

Brazil Bovespa

112.614,03 -5,3801

0,39

CPI Mexico

51.943,95 17,88

0,21

Argentina MerVal 0

0 -100,00

COLCAP Colombia

1.388,62 ∞

0,16

IPSA Chile

4.068,45 -20,30

-0,84

Selective Peru

520,73 1,64

1,27

Dollar versus Quote Var pct Var pct

to coins monthly in the year

Brazilian real

5,5494 -6,4

-1,92

Mexican peso

20,7493 -4,11

-0,51

Chilean peso

823,8 -13,73

-1,62

Colombian peso

3.720,33 -7,96

2,29

Peruvian sun

4,0194 -10,35

2,70

Argentine peso

99,00 -15,13

-0,28

(Report by Froilán Romero. Additional report by Luis Jaime Acosta in Bogotá, Jorge Otaola and Walter Bianchi in Buenos Aires, Noé Torres in Mexico City and Benjamín Mejías)

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