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Wednesday, December 28, 2022

EMERGING MARKETS-Chilean peso leaps on central bank support, Brazil real slides

Chile c.bank extends FX intervention program to June 2023 * Brazil's cost of bank loans hits 5-year high, defaults up * Latam FX down 1.9%, stocks off 2.2% (Updates prices throughout, adds comments) By Bansari Mayur Kamdar and Shreyashi Sanyal Dec 27 (Reuters) - Chile's peso jumped on Tuesday after its central bank said it would extend its foreign exchange intervention program, while Brazil's real extended declines to a second day against a firmer dollar. The peso gained 1.3% against the dollar after Chile's central bank extended its FX intervention program to June 2, 2023 from a previously announced end date of Jan. 13. 

https://www.yahoo.com/now/emerging-markets-chilean-peso-leaps-200239752.html

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