EMERGING MARKETS-Thai baht, Malaysian ringgit lead Asian currencies…by in health on December 17, 2021
Nov 19 (Reuters) – The following table shows rates for Asian currencies against the dollar at 0204 GMT.
CURRENCIES VS U.S. DOLLAR ` Currency Latest bid Previous Pct day Move Japan yen 114.320 114.24 -0.07 Sing dlr 1.358 1.3564 -0.10 Taiwan dlr 27.775 27.803 +0.10 Korean won 1182.900 1180.4 -0.21 Baht 32.600 32.57 -0.09 Peso 50.290 50.25 -0.08 Rupiah 14210.000 14225 +0.11 Rupee 74.235 74.235 +0.00 Ringgit 4.181 4.18 -0.02 Yuan 6.383 6.3851 +0.04 Change so far in 2021 Currency Latest bid End 2020 Pct Move Japan yen 114.320 103.24 -9.69 Sing dlr 1.358 1.3209 -2.71 Taiwan dlr 27.775 28.483 +2.55 Korean won 1182.900 1086.20 -8.17 Baht 32.600 29.96 -8.10 Peso 50.290 48.01 -4.53 Rupiah 14210.000 14040 -1.20 Rupee 74.235 73.07 -1.58 Ringgit 4.181 4.0400 -3.37 Yuan 6.383 6.5283 +2.28 (Compiled by Arundhati Dutta in Bengaluru)
Nov 3 (Reuters) – The following table shows rates for Asian currencies against the dollar at 0214 GMT.
CURRENCIES VS U.S. DOLLAR ` Currency Latest bid Previous day Pct Move Japan yen 113.880 113.95 +0.06 Sing dlr 1.349 1.349 -0.01 Taiwan dlr 27.869 27.85 -0.07 Korean won 1181.100 1174.4 -0.57 Baht 33.350 33.23 -0.36 Peso 50.571 50.559 -0.02 Rupiah 14265.000 14250 -0.11 Rupee 74.678 74.6775 0.00 Ringgit 4.152 4.146 -0.13 Yuan 6.400 6.4002 +0.01 Change so far in 2021 Currency Latest bid End 2020 Pct Move Japan yen 113.880 103.24 -9.34 Sing dlr 1.349 1.3209 -2.10 Taiwan dlr 27.869 28.483 +2.20 Korean won 1181.100 1086.20 -8.03 Baht 33.350 29.96 -10.16 Peso 50.571 48.01 -5.06 Rupiah 14265.000 14040 -1.58 Rupee 74.678 73.07 -2.16 Ringgit 4.152 4.0400 -2.69 Yuan 6.400 6.5283 +2.01 (Compiled by Indranil Sarkar in Bengaluru)
By Susan Mathew Oct 29 (Reuters) – Colombia’s peso hit a three-week low ahead of a central bank policy decision on Friday, while in Brazil miner Vale fell after weak results and Petrobras’ profits caught the ire of the president.
As the dollar capitalized on the euro’s weakness, most emerging market currencies lost, with sliding commodity prices further hampering assets in resource-rich Latam. Colombia’s peso fell 0.3%. The central bank seen raising its benchmark interest rate by 25 basis points to 2.25%, but the market, and likely the seven-member board, is divided over how sharply policymakers will increase borrowing costs, a Reuters poll showed.
An increase would mark the second consecutive month the board has raised the rate. Three board members had backed a half-point rise last time. “Financial conditions in Latin America have tightened sharply this year, most notably in Brazil and Chile, on the back of aggressive monetary tightening and growing political and/or fiscal risks,” Capital Economics said in a note.
“With these factors likely to persist, tight financial conditions add to growing headwinds facing recoveries in the region.” Data on Friday showed economic growth in Mexico shrank for the first time since rebounding through the pandemic in the third quarter.
In the world’s largest producer of copper, Chile, data showed production of the metal fell 6.9% year on year in September amid some shutdowns in the sector. With oil, iron ore and copper prices also falling, currencies of Mexico and Chile fell 0.5% each, while Brazil’s real slipped 0.4%.
On the week, the real flat, while Mexico’s peso looks to be the worst weekly performer in the region, down more than 1%. After Mexican oil firm Pemex reported a move back into loss on Thursday, Brazil’s Petrobras beat quarterly profit expectations. But Brazilian President Jair Bolsonaro said the company is too profitable.
Its policy of pricing domestic fuel in line with international rates is drawing ire as Brent crude prices rise. Bolsonaro’s ouster of Petrobras’ former chief executive over the issue had seen shares plunge 21% in February. The country’s economy ministry on Friday said Brazilian states decided to freeze the ICMS tax levied on fuels for 90 days, aiming to keep prices stable.
Miner Vale sank 3% after third-quarter net profit came in significantly below analysts’ forecasts, while a 60% sequential drop in quarterly net income pushed steelmaker Usiminas 5.7% lower. losses on Mexico’s IPC stock index were capped by strong earnings from conglomerate Femsa and restaurant operator Alsea sending their shares up 0.4% and 0.2% respectively.
Key Latin American stock indexes and currencies at 1414 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1264.08 -0.94 MSCI LatAm 2116.37 -1.53 Brazil Bovespa 104204.42 -1.42 Mexico IPC 51110.20 -0.27 Chile IPSA 4095.68 -0.01 Argentina MerVal – – Colombia COLCAP 1396.29 -0.83 Currencies Latest Daily % change Brazil real 5.6462 -0.38 Mexico peso 20.4709 -0.52 Chile peso 809.8 -0.51 Colombia peso 3787.53 -0.32 Peru sol 3.9739 0.00 Argentina peso 99.7100 -0.02 (interbank) (Reporting by Susan Mathew in Bengaluru; Editing by Alistair Bell)
By Shreyashi Sanyal Dec 1 (Reuters) – Currencies and stocks in Latin America rose on Wednesday, with oil-linked Mexican and Colombian pesos leading gains against a weaker dollar, while stocks jumped from an Omicron-driven rout.
The MSCI’s index for Latin American stocks rose 2.3%, heading for its biggest one-day percentage rise in over one month. Financial markets around the world showed signs of a rebound on Wednesday following a selloff triggered by doubts of how effective COVID-19 vaccines are against the new Omicron variant of the coronavirus.
Brazilian stocks led gains among its Latin American peers, gaining 1.8% as shares of heavyweights Vale SA and Petrobras offered the biggest boosts. Brazilian Economy Minister Paulo Guedes said that the country should privatize state-run oil company Petrobras before it becomes irrelevant and oil loses value.
A Reuters poll showed Brazil’s stocks are likely to rebound in 2022 from this year’s steep decline, as investors hunt for bargains but stay on the alert to an uncertain political situation in the run-up to the country’s presidential vote. Even as most risk assets rose, analysts remained cautious on emerging markets as there is still very little known about the Omicron variant and the extent of risk it will pose to the developing world.
“While the market is trying to ascertain how negative a shock Omicron may be, volatility is likely to stay high, with a negative bias for risky assets,” economists at Citi wrote in a client note. “We have been negative on EMFX going into this, and Omicron should give another boost to EMFX weakness.” As of Tuesday, two Brazilians had tested positive for the Omicron variant, the first reported cases in Latin America.
Currencies that tend to swing with oil prices, including Brazil’s real, Mexico’s peso and the Colombian peso rose between 0.3% and 1.4% as crude prices rose ahead of an OPEC meeting. Chile’s peso lagged regional peers, while Santiago stocks fell 1.1% after data showed economic activity came in just below analyst forecasts.
Argentina’s government said that a team from the Economy Ministry and central bank would travel to Washington this weekend to meet with International Monetary Fund staff and push forward talks over a new deal. Key Latin American stock indexes and currencies at 1446 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1230.51 1.49 MSCI LatAm 2083.24 2.28 Brazil Bovespa 103767.24 1.82 Mexico IPC 0.00 0 Chile IPSA 4437.72 -1.03 Argentina MerVal 82002.43 3.387 Colombia COLCAP 1422.90 3.57 Currencies Latest Daily % change Brazil real 5.6209 0.26 Mexico peso 21.2079 1.08 Chile peso 826.5 -0.04 Colombia peso 3954.75 0.95 Peru sol 4.063 -0.23 Argentina peso (interbank) 101.0000 -0.06 Argentina peso (parallel) 198.5 1.51 (Reporting by Shreyashi Sanyal in Bengaluru)
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