Mercados emergentes: el peso chileno alcanza un mínimo de 15 meses, la inflación alivia Latham FX

    * Chile's peso down over 1%
    * U.S. payrolls elicit mixed market reaction
    * Latam stocks rise, head for weekly losses

    By Ambar Warrick
    Oct 8 (Reuters) - Chile's peso led losses among Latin
American currencies on Friday after a bigger-than-expected jump
in inflation, while concerns over a broader rise in consumer
prices weighed on most other regional units. 
    Chile's peso slumped 1.2% to its weakest level since
July 2020, after data showed that consumer price inflation
surged well above central bank estimates in September.
   Chile has been grappling with high inflation as a strong
COVID vaccination campaign spurred a swift return to economic
normality in the country. But the central bank has been far less
hawkish than its regional peers. 
    Losses in copper prices also weighed on Chile's currency. 
    Emerging markets showed a mixed reaction to U.S. non-farm
payrolls coming in drastically below expectations, as analysts
questioned whether it provided enough justification for the Fed
to delay trimming its massive stimulus. 
    "The Fed began their extraordinary stimulus measures over a
year and a half ago and they are anxious to begin removing that
stimulus, which is why it would have taken an extremely bad jobs
report in order to derail that," said Chris Zaccarelli, chief
investment officer for Independent Advisor Alliance.
    "This report was disappointing, without a doubt, but we
don’t believe it is bad enough to stop them."
    Investors are anxious over any hawkish moves by the Fed,
given that they would push up U.S. lending rates and make
emerging markets appear less attractive. 
    Brazil's real fell and was headed for weekly losses as data
showed that consumer prices grew at their fastest pace for the
month since 1994 due to higher fuel and electricity prices. 
    Surging inflation has pushed the central bank into hiking
interest rates five times this year, with more hikes to come.

    Peru's sol rose 0.2% in slim holiday trade as
President Pedro Castillo confirmed the current President of the
Central Bank Julio Velarde for another term.
    The sol had surged more than 1% on Thursday as a cabinet
reshuffle by Castillo was perceived positively by investors, in
particular new prime minister Mirtha Vasquez.
    Latin American stocks rose on Friday, but were still headed
for weekly losses after a volatile week consisting of weak
economic readings and concerns over Chinese debt. 
    Argentine markets were closed for a holiday. 
    Key Latin American stock indexes and currencies:
                              Latest        Daily % change
 MSCI Emerging Markets         1257.44                    0.33
 MSCI LatAm                    2229.68                    1.35
 Brazil Bovespa              112924.19                    2.11
 Mexico IPC                   51127.84                    0.49
 Chile IPSA                    4150.01                    0.49
 Colombia COLCAP               1402.66                    0.66 Currencies             Latest        Daily % change
 Brazil real                    5.5172                   -0.06
 Mexico peso                   20.6677                   -0.12
 Chile peso                     821.53                   -1.17
 Colombia peso                 3765.63                    0.17
 Peru sol                       4.0826                    0.16

 (Reporting by Ambar Warrick and Federica Urso
Editing by Alistair Bell)

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