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Latin American Currencies Hit Record Lows as Drop Turns to Rout
A decline in Latin American currencies turned into a rout Wednesday, with three of the region’s most-traded currencies hitting record lows. The Colombian peso headed for its fourth day of declines as President Ivan Duque failed to quell anti-government demonstrations, while Chile’s peso weakened after another night of disturbances across the country. Brazil, which has avoided such extreme political turbulence, also saw its currency reach a record low, forcing the central bank to intervene for the third time in two days. Chile’s currency is down 11% in the past month after the worst social unrest since the ... (full story)