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Latam FX and stocks fall as US dollar, yields weigh on risk assets
Latin American currencies fell against a stronger dollar and MSCI's index of stocks in the region dropped to a near four-month low on Tuesday, as investors soured on risk assets amid worries about the impact of higher-for-longer interest rates. MSCI's index for Latin American currencies .MILA00000CUS was down 0.5% as U.S. Treasury yields traded near 2007 highs and the dollar =USD jumped back to levels last seen in November as markets readied for tighter than previously expected policy from the Federal Reserve. "The Fed’s dot plot and higher for longer narrative has really been expressed in U.S. yields," Patrick ... (full story)
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- Posted: Sep 26, 2023 9:51pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,355
