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Most Latam currencies rise, Argentine peso touches historic low
Most Latin American currencies rose against a weak dollar on Thursday after slowing U.S. inflation signaled a faster farewell to the U.S. rate-hiking cycle, while Argentina's peso hit a historic low in parallel market trading after inflation data. Brazil's real BRL=, BRBY and Chile's peso CLP= rose 0.5% and 0.3%, respectively, with the dollar tumbling to its lowest since last April after U.S. inflation readings cemented bets of an imminent end to Federal Reserve rate hikes. The Argentine peso ARSB=fell 0.9% in black market trading to a historic low of 512 pesos per dollar after data showed the monthly inflation rate ... (full story)