Mexican peso bulls including RBC Capital and Nomura Securities Inc. are abandoning their trade recommendations as concern the U.S. may relapse into recession mounts and currency swings soar to a two-year high.
Russia’s RTS stock-index futures fell, signaling stocks may drop for a second day in Moscow, as investors considered whether the U.S. Federal Reserve will take measures to stimulate the world’s largest economy.
Russia’s RTS stock-index futures were little changed as a report that U.S. manufacturing almost stalled in July offset expectations that the U.S. House of Representatives may agree to raise the country’s debt ceiling.
The month-long slump that has made Brazil’s real the worst performer in Latin America may deepen as Bank of America Corp. and Barclays Plc say investment will slow before the vote to replace President Luiz Inacio Lula da Silva .
Russia’s RTS stock-index futures rose for a second day amid optimism that U.S. lawmakers are nearing a compromise to cut the deficit and avoid default, and European leaders will make progress this week on that region’s credit crisis.
Brazil’s benchmark borrowing costs slid below Russia’s for the first time this year as investors bet the South American country is less at risk of contagion from the Greek debt crisis than Eastern European nations.