Latin American currencies started the
week with declines as conflicting headlines surrounding
U.S.-China trade talks kept investors on the sidelines, while
Brazil's real closed at an all-time low.
Brazil's real posted its lowest ever close of 4.2061 per dollar on Monday, as heavy selling met no resistance from the central bank at a key market level where it had intervened earlier this year. The dollar rose 0.3% to close at 4.2061 reais, a full cent above the previous all-time closing high of 4.1957 reais on Sept. 13 last year, but perhaps more significantly, comfortably above the 4.20 mark.
Brazil's real weakened on Monday beyond 4.20 per dollar, on course for its weakest closing level on record, as traders pushed the currency through the key level where the central bank had intervened in August by selling dollars on the spot market.
The dollar dropped against the
yen and the euro on Monday after a media report dashed fresh
hopes that the United States and China are close to reaching a
trade deal.
* China trims short-term interest rate in surprise move. * World share index less than 1% from record high. * Beijing said to be pessimistic about tariffs -CNBC. * Dollar, crude slip on CNBC report. By Herbert Lash.
Latin American currencies firmed on
Monday on hopes of a Sino-U.S. trade deal but pared some gains
after a report that the mood in China was "pessimistic" about an
impending resolution to ...
The safe haven Japanese yen
gained on Monday after a media report dashed fresh hopes that
the United States and China are close to reaching a trade deal.
The Canadian dollar was little
changed against the greenback on Monday, pulling back from an
earlier 10-day high as global trade optimism faded and domestic
inflation data loomed later in the week ...
* China trims short-term interest rate, in surprise move. * World shares index less than 1% from record high. * Wall Street starting week at its own record high. * Markets look to Fed minutes, ECB Lagarde speech. * Pound pushes up as opinion polls favour Tories. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * By Marc Jones.
* Chinese yuan still below 7 vs dollar. * Sign traders still nervous about U.S.-China trade deal. * Sterling stronger on predictions of Conservative win. * PM Johnson says candidates would back Brexit deal. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. By Olga Cotaga.
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