IPC MEXICO (^MXX)
- Reuters
EMERGING MARKETS-Stronger US dollar halts Latin American currencies' recovery
* Mexico's inflation accelerates, rate cut unlikely in May * Argentina's central bank bullish on inflation outlook * Alpek shares jump after results * Latin American stocks off 0.2%, currencies slip 0.1% (Updated at 3:30pm ET/1930 GMT) By Bansari Mayur Kamdar April 24 (Reuters) - Most currencies in Latin America eased on Wednesday as the dollar regained some ground, with the Mexican peso sliding even as data showing an acceleration in inflation reinforced bets that the central bank will hold interest rates steady. The peso slid 0.7% against a stronger dollar, Brazil's real lost 0.4% and Colombia's peso dropped 1%.
- Reuters
EMERGING MARKETS-Mexico's peso extends slide, Brazil's real jumps on changing rate cut expectations
* Mexican economy grows 1.4% in February from January * Brazil's Campos Neto indicates BCB may slow pace of rate hikes * (Updated at 3:45pm ET/1945 GMT) By Bansari Mayur Kamdar April 22 (Reuters) - The Mexican peso kicked off the week lower on Monday as a strong dollar continued to roil the South American currency, but Brazil's real jumped as its central bank hinted at slowing the pace of interest rate cuts. Meanwhile, data showed Mexico's economy grew 1.4% in February from January and expanded 4.4% from February of 2023. "This is a solid report; the underlying trend is stabilizing, following a poor performance in Q4 and January, and we expect further good news in the near term," said Andres Abadia, chief Latam economist at Pantheon Macroeconomics.
- Reuters
EMERGING MARKETS-Mexico's peso extends slide as firm dollar weighs
* Mexican economy grows 1.4% in February from January * Ecuador's President Noboa wins security-focused referendum * Brazil aims to boost credit for small businesses, real estate loans * Thousands of Colombians protest Petro's economic, social reforms By Bansari Mayur Kamdar April 22 (Reuters) - The Mexican peso kicked off the new week lower on Monday, as a strong dollar continued to roil the South American country's currency, while data showed its economy grew in February. The peso slipped 0.3% to 17.17 against the greenback by 1426 GMT.
