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Latam stocks, FX set for worst session since October on US dollar recovery, commodity weakness
Currencies and stocks in resources-rich Latin America fell on Monday as commodity prices declined, while a resurgent U.S. dollar added further pressure. MSCI's gauge for Latin American currencies weakened 0.9% against the dollar, while MSCI's equities index for the region lost 1.7%. Both indexes were on track for their biggest daily decline since October. The greenback ticked higher, regaining some ground after falling for three straight weeks on bets that the Federal Reserve will soon be cutting interest rates. "November was a devastating month for the dollar, so naturally, what you're seeing now is investors ... (full story)