Mexican peso steers Latam FX to one-week low
Brazil's stock index at record high
Mexico stocks outlook dampened by weaker economic prospects
Peru's copper output may fall short of 3 mln ton goal -SNMPE
Stocks, FX down around 1% each
Updated at 2:50 p.m. ET/ 1850 GMT
By Shubham Batra and Ankika Biswas
Aug 21 (Reuters) - Mexico's pesodropped over 2% against the dollar on Wednesday, leading losses among Latin American currencies as commodity prices fell sharply, while investors also assessed minutes from theU.S. Federal Reserve's Julypolicy meeting.
MSCI's Latin American index for currencies .MILA00000CUS fell nearly 1% to an over one-week low, as the Mexican peso MXN= fell for a third straight day to a two-week low,ahead of a slew of economic data and minutes from the U.S. central bank's last meeting.
Investment bank Morgan Stanley issued an "underweight" warning on Mexican shares, citingconcerns about planned changes to the judiciary and electoral system.
Mexico's main stock index .MXX fell 0.5% to a one-week low.
The Fed's minutes , released on Wednesday afternoon, showed policymakers last month strongly leaned toward cutting interest rates in September, and several would have even been willing to immediately ease borrowing costs.
"While the weak July Employment Report released since then might cause some Fed officials to lean toward a 50-bps move, for now we judge that a 25-bps cut remains the most likely outcome," said Stephen Brown, deputy chief North America economist at Capital Economics.
Market participants see a nearly 64% chance of a 25 basis point cut in September.
Fed Chair Jerome Powell's speech at the Jackson Hole Economic Symposium on Friday will be watched for further clues on the interest rate outlook.
Among other major currencies, Colombia's peso COP= fell 0.7% against the dollar, tracking sharp declines in oil prices , while Peru's sol PEN= and the Brazilian real BRL= slipped 0.3% and 0.1%, respectively.
Bucking the weak trend, Chile's peso CLP= gained nearly 1% to hit a one-month high.
The MSCI index for Latam stocks .MILA00000PUS also fell nearly 1%, dragged by an over 2% drop in Argentine equities .MERV after a nine-day winning streak.
Data from Argentina, due later on Wednesday, is expected toshow economicactivity likely fell in June from a year agoamid tough austerity measures and cost-cutting under President Javier Milei.
Brazil's benchmark stock index .BVSP hit a fresh record high, outperforming all its major regional peers.
Key Latin American stock indexes and currencies at 1850 GMT:
Equities | Latest | Daily % change |
MSCI Emerging Markets .MSCIEF | 1102.09 | -0.21 |
MSCI LatAm .MILA00000PUS | 2307.89 | -0.88 |
Brazil Bovespa .BVSP | 136579.49 | 0.36 |
Mexico IPC .MXX | 53749.52 | -0.39 |
Chile IPSA .SPIPSA | 6483.16 | -0.12 |
Argentina Merval .MERV | 1625981.4 | -2.007 |
Colombia COLCAP .COLCAP | 1344.06 | -0.1 |
Currencies | Latest | Daily % change |
Brazil real BRL= | 5.4814 | -0.06 |
Mexico peso MXN= | 19.3589 | -1.99 |
Chile peso CLP= | 914.35 | 0.98 |
Colombia peso COP= | 4029.5 | -0.67 |
Peru sol PEN= | 3.7442 | -0.29 |
Argentina peso (interbank) ARS=RASL | 943.5 | 0.052994171 |
Argentina peso (parallel) ARSB= | 1340 | 1.119402985 |
Reporting by Shubham Batra and Ankika Biswas in Bengaluru, Editing by Angus MacSwan and Richard Chang
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
