Latin American Currencies Fall Versus Dollar, Tuesday, July 24, 2007 2:07:57 PM
Latin American currencies fell versus the dollar Tuesday in New York. Greenback traders looked ahead to Wednesday`s release of the Federal Reserve`s Beige Book.The Mexican peso retreated against the dollar Tuesday in New York. The Mexican currency fell over the bulk of the morning, dipping to an intraday low of 10.7942 at 11:40 am ET. The peso rebounded from some of its losses into the early afternoon to trade at a mark of 10.7905 at 1:46 pm. Traders considered data showing that the Mexican CPI increased during the first half of July.
The Brazilian real slid versus the dollar Tuesday in New York. The Brazilian currency experienced largely choppy trading during the early and mid-morning before beginning to retreat just before 8:00 am ET. At 12:12 pm, the real slid to an intraday low of 1.8510 against its American counterpart. By 12:47 pm, the Brazilian currency rebounded slightly to a mark of 1.8500 against the buck.
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posted by Kalin Tasev @ 2:39 PM
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