By Bansari Mayur Kamdar Jan 13 (Reuters) – Chile’s peso eased on Friday, canlı slot siteleri tracking soft copper prices, but was still on track for a second straight week of gains, along with regional peers, on growing hopes of smaller hikes by the U.S.
Federal Reserve. The peso slid 0.5% against the greenback, as prices of the red metal, of which Chile is a top producer, canlı slot siteleri took a breather following their sharp rally this week. Latin American currencies have gained 2.6% so far this week and were on track for their second week of gains, in an upbeat start to January and canlı slot siteleri 2023.
Brazil’s real fell 0.3% against the dollar. Data showed economic activity in Brazil fell more than expected in November, in the fourth straight month of contraction. Shares of Brazilian state-run oil company Petrobras fell more than 1%. The government has officially nominated Jean Paul Prates to serve as its chief executive officer and board member, the company said.
Peru’s sol was subdued against the greenback. The copper-producing Andean nation’s central bank raised its benchmark interest rate by 25 basis points to 7.75% on Thursday, as the nation battles the highest inflation in a quarter of a century. «Although inflation has already shown signs of slowing, it has been without conviction, and the central bank will seek to ensure that inflation returns to the target range,» said Mario Guerrero, deputy head economist for Peru at Scotiabank.
Thousands took to the streets of Peru’s capital Lima in a peaceful protest against the new government and president, after weeks of bloody clashes triggered by the ousting of former President Pedro Castillo left at least 42 dead. «We’re watching how protests evolve in Peru as the Las Bambas mine has stopped shipments of copper concentrate owing to security concerns,» said Juan Manuel Herrera, senior economist at Scotiabank.
«This is one of the first clear signs of disruptions to the extraction sector this year compared to December’s protests that had a bigger economic drag.» The sol has lagged peers so far this year, up just 0.3%, compared to other Latin American currencies gaining nearly 3% each.
The Colombian peso slipped 0.6% on Friday, and canlı slot siteleri has added 3% so far this week. Emerging market bonds are also off to a roaring start to the new year. Developing countries have sold $39 billion worth of international bonds since the start of 2023, with investors happy to pile into riskier debt as they bet global interest rates are nearing a peak.
Key Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1028.27 0.98 MSCI LatAm 2277.51 -0.4 Brazil Bovespa 111028.50 -0.73 Mexico IPC – – Chile IPSA 5173.07 -0.55 Argentina MerVal – – Colombia COLCAP 1336.65 -0.47 Currencies Latest Daily % change Brazil real 5.1150 -0.31 Mexico peso 18.8799 -0.28 Chile peso 822.3 -0.60 Colombia peso 4708.43 -0.57 Peru sol 3.7726 0.05 Argentina peso 181.2600 -0.15 (interbank) (Reporting by Bansari Mayur Kamdar in Bengaluru.
Editing by Sharon Singleton)