LatAm Currencies Strengthen on Weaker US Jobs Data, Lowering Fed Hike Odds
Most Latin American currencies strengthened against the dollar as weaker-than-expected US jobs data reduced the odds of a Federal Reserve interest rate hike in October. Stocks were mixed, with investors also monitoring Brazil's presidential election.
Most Latin American currencies firmed against the dollar after weaker-than-expected US jobs data lowered expectations for a Federal Reserve interest-rate hike in October, while stocks were mixed. Investors were also watching Brazil's presidential election.