Reported about 17 hours ago
Latin American currencies experienced significant gains as commodity prices rose, countering tariff tensions from Donald Trump's proposed 25% tariffs on U.S. imports of steel and aluminum. The Brazilian real and Chilean peso led the upward movement, while the Mexican peso lagged slightly. Analysts suggest that the improvement in commodity markets and easing U.S. yield pressures have positively influenced Latin American currencies, despite broader concerns over potential retaliation and ongoing trade dynamics.
Source: YAHOO