Brazil will extend for at least six months its daily currency interventions to help support the real as part of its fight against above-target inflation. The currency gained.
Brazil will extend for at least six months its daily currency interventions as the government supports the real to fight above-target inflation.
Brazil’s retail sales in April fell more than economists forecast, as the central bank signals it will keep rates on hold amid declining confidence.
Brazil’s consumer prices rose more than economists predicted in May, as the central bank signals it will keep interest rates on hold.
Peru’s central bank resumed intervention in the local currency market after a three-day rally pushed the sol to its strongest level this year.
Mexico’s peso weakened from a seven- month high after U.S. consumer spending unexpectedly fell in April, damping the outlook for the Latin American nation’s chief export market.
The dollar fell against a basket of major peers for the first time in four days as Treasury yields declined on speculation the European Central Bank will introduce easing measures to boost the region’s economy.
Mexico’s peso fell for the first time in three days after a surprise drop in U.S. industrial output damped the outlook for exports from the Latin American nation.
Brazil’s real rose to a one-month high as Finance Minister Guido Mantega said the currency is back to normal after recovering losses.
Peru kept borrowing costs unchanged after central bank President Julio Velarde said the economy was showing the first signs of recovery following a slump in investment.
"They want to keep inflation within the range."
- Pedro Tuesta on Jun 24, 2014