SAO PAULO: Most Latin American currencies weakened on Wednesday on uncertainty over the timing of the next US interest rate increases.
Traders have been anxiously awaiting new hints about the Federal Reserve's intentions following contradictory comments by Fed officials and a string of mixed economic figures.
In a testimony before Congress, Fed Chair Janet Yellen said on Wednesday job creation has accelerated to unsustainable levels, though she dismissed any meaningful upward pressure on inflation.
"Yellen's remarks add noise to a very anxious market," B&T brokerage trader Marcos Trabbold said.
Investors now await speeches by Cleveland Fed President Loretta Mester and Kansas City Fed President Esther George later on Wednesday in search of more clues.
The Mexican peso weakened 0.6 percent after posting its biggest daily rise in over seven months on Tuesday.
The peso's one-day rally came after US Democratic presidential candidate Hillary Clinton was seen besting Republican Donald Trump in this week's presidential debate.
Brazil's benchmark Bovespa stock index gained 0.6 percent, supported by rising shares of state-run oil company Petr?leo Brasileiro SA as crude prices increased.
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