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Montevideo, November 14th 2018 - 14:11 UTC

Tag: South American currencies

  • Wednesday, May 9th 2018 - 07:10 UTC

    Latin American (and global) currencies hit by strong dollar and Trump's policies

    The market’s attention was on President Donald Trump’s decision to withdraw from the international nuclear agreement with Iran, a deal which eased economic

    The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply.

  • Wednesday, December 10th 2014 - 07:56 UTC

    Weaker Latin American currencies against the US dollar next year

    Strong dollar and fall in commodities prices will have an impact on the region's currencies

    Latin American currencies will lose value against the US dollar in 2015 because of the strong US recovery and lower commodities' prices according to Itau-Unibanco, Brazil's largest private bank which also anticipates a strong fiscal adjustment by President Dilma Rousseff's next administration, in an effort to regain investors' 'confidence'.

  • Thursday, April 7th 2011 - 10:11 UTC

    Uruguay’s public debt to abandon foreign currencies for local Pesos

    Minister Lorenzo says risk rating agencies barely recognize Uruguay’s performance

    Uruguay this year plans to swap part of its foreign-currency bonds for debt denominated in Pesos, said Economy Minister Fernando Lorenzo. Uruguay will also sell Peso securities and use the proceeds to pay off bonds denominated in other currencies, Lorenzo said without providing further details.