- June 23, 2021
- Posted by: Stratford Team
- Category: Economy
* Colombian peso firms as much as 0.9%
* Brazil’s real shrugs off early losses
* Argentina pushes Paris Club group of lenders deadline to
2022
By Susan Mathew
June 23 (Reuters) – Rising oil prices bolstered the
Colombian peso’s move away from seven-week lows on Wednesday,
leading gains among Latin American peers as the dollar extended
losses following reassurances that the U.S. Federal Reserve
would not rush into policy tightening.
The Andean country’s currency firmed up to 0.9% as
crude prices hit their highest since late 2018, after an
industry report on U.S. crude inventories reinforced views of a
tightening market as travel picks up in Europe and North
America.
That also helped lift fellow oil exporter Mexico’s peso
to its third straight session of gains leading up to a
central bank meeting on Thursday.
The central bank is seen keeping its benchmark interest rate
steady at 4.0% amid persistently high inflation…
