EMERGING MARKETS-Strong dollar pressures Latam FX, Brazil stocks lower

Latin American currencies weakened on
Friday, in line with emerging market peers elsewhere, as the
dollar strengthened after the U.S. Federal Reserve stayed on its
tightening course and looked set to raise interest rates in
December.
The Mexican peso fell 0.6 percent to a more than one
week low, while Brazil’s real was steady in volatile
trade.
The steady move higher in the official rate of return for
holding U.S. dollars has sucked money out of high-yielding bets


Source: reuters

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