Most Latin American currencies extended the downtrend against the dollar on Wednesday, as traders sought refuge amid details of the US Federal Reserve minutes, which showed more rate hikes to come. , although they would be more moderate.
According to the minutes of the most recent central bank meeting last month, policymakers see “little indication” that price pressures in the United States were easing, and were preparing to force the economy to slow as much as necessary to control inflation.
The Colombian peso led the falls for the second day and depreciated 2.10% to 4,344.55 units per dollar. It was followed by the Chilean peso, with a decline of 1.34%, to 896.50/896.80 units per dollar.
In Brazil, the real lost 0.54% to 5.1862 per dollar, while the Mexican peso fell 0.47% to 19.9903 per dollar.
In Argentina, the peso fell 0.15% to 135.54 units per dollar, and finally, the Peruvian currency, the sol, traded unchanged compared to the previous session at 3.838/3.840 units per dollar.
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