(Bloomberg) -- The Mexican peso was the biggest loser among emerging-markets currencies on Wednesday as investors assessed a range of risks — from local...
-- The Mexican peso was the biggest loser among emerging-markets currencies on Wednesday as investors assessed a range of risks — from local politics to a frailer US economy.The peso weakened as much as 2.2%, taking another leg down in the afternoon after minutes from the latest Federal Reserve meeting showed several officials saw a case for cutting interest rates last month. The Brazilian real was flat and the Colombian peso slipped, reversing earlier gains.
Morgan Stanley cut Mexican equities to underweight and Citigroup reduced its oversize exposure to the currency this week. Mexico is also particularly vulnerable to external factors like volatility from the US election or a slowdown in the world’s largest economy.It’s been a volatile session for emerging-market currencies, which whipsawed earlier as revised data showed the US added fewer jobs than previously reported in the 12 months through March.
Elsewhere, Argentina’s dollar bonds slipped the most among peers. Sri Lanka’s debt is also drifting lower as investors worry the completion of a restructuring deal could be pushed back by next month’s election. Ahead of the reunion special, we have a look at the couples whose relationships have lasted after filming wrapped on the Netflix dating show.Humanity, not sympathy: How Ukraine treats Russian POWs in its 'exchange fund'
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