|
World News...
Brazil's Real;
Argentine, Mexican Pesos: Latin Currency Preview
Feb. 4 (Bloomberg) -- The following Latin American currencies may make
significant gains or losses in trading today.
Argentine peso {ARS <Crncy> GPL D <GO>}: Argentine consumer prices
probably rose 0.9 percent in January as transportation and entertainment
spending rose in the holiday season, a Bloomberg News survey of economists
showed. The government will release the report at 2 p.m. New York time in Buenos
Aires. The peso yesterday gained 0.1 percent to 2.9340 pesos per dollar.
Brazilian real {BRL <Crncy> GPL D <GO>}: Brazil's central bank said it will not
refinance about $1.1 billion of dollar- indexed debt and contracts used to guard
against declines in the value of the real when they mature Feb. 11. Yesterday
the real gained 0.3 percent to 2.9205 to the dollar.
Colombian peso {COP <Crncy> GPL D <GO>}: Colombia's economy grew 3.5 percent in
2003, its fastest pace since 1995, the National Planning Department said
yesterday. The peso declined 0.3 percent to 2,750 pesos to the dollar, paring
its gain for the year to 1.1 percent following last year's 3.1 percent rise.
Mexican peso: {MXN <Crncy> GPL D <GO>}: Mexico's peso fell for the first day in
three yesterday as investors speculated that Banco Bilbao Vizcaya Argentaria SA
already bought the pesos it will need for the $4.1 billion purchase of a stake
in its Mexican unit. The decline erased the previous day's 0.4 percent gain,
sparked when Banco Bilbao, Spain's second-largest bank, said it would buy the 41
percent of Mexico's Grupo Financiero BBVA Bancomer SA it doesn't already own.
Yesterday the peso fell 0.9 percent to 11.1190 to the dollar.
Last Updated: February 4, 2004 02:40 EST
Today's Related News:
Bank of Japan Sold Yen,
Bought Dollars After Jobs Report, Person Says
Bloomberg (Asia/Pacific) January 10,
2004 06:55 EST
U.K. Pound Has Weekly
Advance Against U.S. Dollar on Interest-Rate Outlook
Bloomberg (Europe) January 9, 2004
09:12 EST
News Update: Four major
currency pairs
ForexNews January 9, 2004 16:00 EST
|
