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Latin American Currencies Hit Two-Week Low as Dollar Surges to 13-Month High

2026-06-24 20:21:44

On Wednesday, Latin American currencies and equities declined amid a strengthening U.S. dollar and risk-off sentiment. The MSCI index tracking Latin American currencies fell 0.5% to its lowest level in over two weeks. The dollar climbed to a 13-month high, supported by safe-haven flows following a global technology stock selloff and elevated expectations for U.S. interest rate hikes. Peru's stock market declined 0.8% and Colombia's fell 1.9%, while the Peruvian sol weakened 0.5% and the Colombian peso slipped 0.3% from five-year highs.

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