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Currencies from Colombia, Brazil Lead Emerging Peers Lower

From bnnbloomberg.ca

The dollar’s resurgence sent Latin American assets into a tailspin with the Brazilian real and Colombian peso leading developing-world currency declines. The emerging-market currency gauge dropped near the lowest in two months as traders flocked to the safety of the greenback ahead of key data releases in the US this week that may provide clues on the path of interest rates in the world’s largest economy. Chile and Mexico’s peso also took a beating, while an index for the region stocks sank. Uncertainty from Mexico to Brazil and Colombia has led investors to ditch the currencies, which had drawn interest in the ... (full story)

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