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KM Financial Solutions | EMERGING MARKETS-Latam FX slip ahead of U.S, Brazil rate decisions
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EMERGING MARKETS-Latam FX slip ahead of U.S, Brazil rate decisions

29 Jul EMERGING MARKETS-Latam FX slip ahead of U.S, Brazil rate decisions

Posted at 14:21h in News by
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Latin American currencies slipped on
Tuesday as investors awaited the conclusion of a U.S. Federal
Reserve policy meeting for clues on the direction of interest
rates, while Brazilian shares were hit by declines in banking
stocks.
The real edged lower for a second day ahead of
Brazil’s central bank decision on Wednesday. A Reuters poll of
27 economists showed the median forecast was for an interest
rate cut of 25 basis points to 6.25%.
Brazil is the latest among a

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