(Updates prices)
By Bruno Federowski
SAO PAULO, Oct 9 (Reuters) - Mexico's peso slipped on Monday
to its weakest in more than four months, mirroring a fall in
other Latin American currencies, ahead of the latest round of
talks over the North American Free Trade Agreement (NAFTA).
The peso fell 0.7 percent to 18.675 to the dollar,
roughly in line with losses on the Brazilian and
Colombian currencies.
Demand for high-yielding assets has waned since Friday, when
data showing rising U.S. wages fueled bets that the Federal
Reserve will increase interest rates faster than expected in
coming months.
Fears of increased U.S. protectionism have hit the Mexican
peso particularly hard as the United States purchases over
three-quarters of Mexico's exports.
Trade officials from Mexico, the United States and Canada
meet on Wednesday in the Washington area for a fourth round of
talks on renegotiating NAFTA amid signs of increasing tension
over the accord between Mexico and the administration of U.S.
President Donald Trump.
Trump's "America First" policy has raised questions about
his government's desire to maintain NAFTA. Mexican officials
said last week that Trump risks sparking a "protectionist war"
with his demands.
Brazil's benchmark Bovespa stock index slipped 0.7
percent, weighed down by a decline in shares of miner Vale SA
on the heels of falling iron ore futures.
Still, shares in sewage and water utility Cia de Saneamento
Básico do Estado de São Paulo SA rose more than 2
percent after regulators sanctioned a 7.8888 percent tariff
hike.
Chilean markets were closed for the Columbus Day holiday.
Key Latin American stock indexes and currencies at 20:04
GMT:
Stock indexes daily % YTD %
change change
Latest
MSCI Emerging Markets 1100.50 -0.24 27.93
MSCI LatAm 2920.82 -1.11 26.19
Brazil Bovespa 75530.83 -0.69 25.41
Mexico IPC 50099.00 -0.41 9.76
Chile IPSA 0.00 0 -100.00
Chile IGPA 0.00 0 -100.00
Argentina MerVal 26773.17 -0.09 58.25
Colombia IGBC 11048.70 -0.64 9.09
Venezuela IBC 527.67 -99.9 -98.34
Currencies daily % YTD %
change change
Latest
Brazil real 3.1842 0.03 2.04
Mexico peso 18.6750 -0.71 11.08
Chile peso 633.3 0.00 5.91
Colombia peso 2947.3 -0.40 1.84
Peru sol 3.271 -0.06 4.37
Argentina peso (interbank) 17.4300 0.11 -8.92
Argentina peso (parallel) 17.82 -0.22 -5.61
(Reporting by Bruno Federowski; Editing by W Simon and David
Gregorio)
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