Latam FX Hits Seven-Month Low as Hot US Inflation Lifts Dollar
A Latin American currency index fell to a seven-month low after hotter-than-expected US inflation reinforced expectations of a Federal Reserve rate hike next month, lifting the dollar.
By Ragini Mathur, Sudeshna Ghoshal and Avinash PAn index tracking Latin American currencies fell to a seven-month low on Tuesday after a hotter-than-expected US inflation report reinforced expectations that the Federal Reserve will raise interest rates next month, lifting the dollar and dimming th…