By Bruno Federowski
BRASILIA, March 16 (Reuters) - Most Latin American
currencies weakened on Friday as speculation that more top Trump
administration officials could be replaced and concerns U.S.
trade tariffs could hurt the global economy weighed on demand
for risky assets.
U.S. President Donald Trump has decided to replace his
national security adviser, H.R. McMaster, the Washington Post
reported on Thursday.
At the same time, the New York Times reported U.S. Special
Counsel Robert Mueller had issued a subpoena for documents
related to Trump's businesses, including some concerning Russia.
Earlier this week, the U.S. currency took a hit after Trump
dismissed Secretary of State Rex Tillerson and investors grew
increasingly nervous about the direction U.S. policy might take
following a series of departures by key members of staff.
"Risk appetite is suffering due to the U.S. political
scenario, marked by instability in Donald Trump's cabinet and
worries about increased protectionism," economists at SulAmérica
Investimentos wrote in a report.
Currencies from Mexico, Chile and Colombia
slipped between 0.1 and 0.4 percent, while the Argentine
peso firmed due to central bank intervention.
Both the Brazilian real and the nation's benchmark
Bovespa stock index were nearly flat.
Shares in wood pulp and paper producer Suzano Papel e
Celulose SA surged over 15 percent after it won the
battle for control of larger rival Fibria Celulose SA <FIBR3.SA,
whose shares slumped 10 percent.
Key Latin American stock indexes and currencies at 1635 GMT:
Stock indexes daily % YTD %
MSCI Emerging Markets 1212.20 -0.33 4.99
MSCI LatAm 3038.80 -0.31 7.78
Brazil Bovespa 84913.62 -0.02 11.14
Mexico IPC 47412.77 -0.85 -3.93
Chile IPSA 5598.11 0.2 0.60
Chile IGPA 28034.20 0.15 0.19
Argentina MerVal 32903.43 0.6 9.44
Colombia IGBC 11473.63 0.66 0.91
Currencies daily % YTD %
Brazil real 3.2873 0.08 0.79
Mexico peso 18.7255 -0.14 5.20
Chile peso 608 -0.44 1.09
Colombia peso 2855.5 -0.36 4.43
Peru sol 3.267 -0.18 -0.92
Argentina peso (interbank) 20.2800 0.35 -8.28
Argentina peso (parallel) 20.8 0.10 -7.55
(Reporting by Bruno Federowski; Editing by Jonathan Oatis)
First Published: 2018-03-16 00:05:37
Updated 2018-03-16 18:45:34
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