Author: Editor - Stock Markets News

EMERGING MARKETS-Brazil real sinks, Mexico peso up on cenbank bets

(Recasts with real’s losses, peso gains; adds details on Argentina IMF deal) MEXICO CITY, June 20 (Reuters) – Mexico’s peso firmed on Wednesday, helped by expectations that the central bank will raise interest rates this week, while the Brazilian real sank on bets policymakers would not tighten borrowing costs. The real shed about 1 percent ahead of an announcement later on Wednesday, where Brazil’s central bank was expected to hold interest rates at an all-time low of 6.50 percent...

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