SAO PAULO, May 28 Latin American currencies and
shares prolonged their current droop on Thursday as considerations over
Greece's debt disaster and a pointy tumble in Chinese shares sapped
danger urge for food and fueled demand for the greenback.
Brazil's actual posted the sharpest loss amongst
the area's currencies, whereas the MSCI Latin American inventory
index fell for a 3rd straight day.
Greece has but to conclude a deal that might assist avert a
debt default, European officers stated on Wednesday, including to
investor concern over the financial impression ought to a default
happen.
Additionally, shares in China, one of many principal
purchasers of Latin American commodities, tumbled on Thursday,
additional sparking a transfer towards safe-haven belongings such because the
U.S. greenback.
The greenback's current power has been pushed by expectations
for an rate of interest hike on the earth's largest financial system as
financial indicators there strengthen.
"It looks like we're seeing a worldwide shift within the greenback due
to the normalization of U.S. financial coverage," stated Luciano
Rostagno, chief strategist at Banco Mizuho in Sao Paulo. "The
market is starting to assume that it isn't a short lived factor."
The Brazilian actual dropped to about three.17 per greenback from
three.14 within the earlier session. The Mexican and Colombian pesos
each weakened about Zero.6 %.
In inventory markets, Brazil's Bovespa index erased the
earlier session's features as shares of iron-ore mining agency Vale
SA, which counts China as its largest buyer,
dropped almost three %.
Key Latin American inventory indexes and currencies at 1604 GMT:
Stock indexes day by day % YTD %
Latest change change
MSCI Emerging Markets 1007.99 -1.09 6.56
MSCI LatAm 2517.52 -Zero.78 -6.98
Brazil Bovespa 53559.27 -1.25 7.10
Mexico IPC 44599.31 -Zero.19 three.37
Chile IPSA 4022.82 -Zero.34 Four.46
Chile IGPA 19568.47 -Zero.24 three.70
Argentina MerVal 10944 Zero.17 27.57
Colombia IGBC 10182.65 -Zero.33 -12.48
Peru IGRA - - -
Venezuela IBC 10920.61 Zero.67 183.01
Currencies day by day % YTD %
change change
Latest
Brazil actual three.1761 -1.01 -16.33
Mexico peso 15.3862 -Zero.63 -Four.17
Chile peso 617.7 -Zero.28 -1.83
Colombia peso 2549.5 -Zero.59 -6.33
Peru sol three.1581 -Zero.13 -5.67
Argentina peso eight.9850 -Zero.03 -Four.84
(interbank)
Argentina peso 12.6 Zero.95 11.11
(parallel)
(Reporting by Bruno Federowski; Editing by Peter Galloway)