By Bruno Federowski
SAO PAULO, Jan 2 The Brazilian real and the
Mexican peso seesawed on Monday, the first trading day of the
year, in thin trading volumes due to holidays in the United
States and other Latin American markets.
The real weakened 0.99 percent, after posting its
best yearly performance in seven years in 2016. The Mexican peso
was flat after its worst annual performance since 2008.
Traders adjusted their holdings in Brazil to moves in global
financial markets on Dec. 30, when Brazilian markets were closed
ahead of the New Year's holiday.
Brazil's benchmark Bovespa stock index fell more
than 1 percent, weighed down by shares of blue-chips Petróleo
Brasileiro SA and Vale SA.
U.S.-listed shares in both companies
had dropped on Friday as investors booked profits from
hefty gains throughout 2016.
Colombian and Chilean markets did not open on Monday due to
Key Latin American stock indexes at 2233 GMT:
Stock indexes daily %
MSCI Emerging Markets 861.88 -0.05
MSCI LatAm 2326.53 -0.6
Brazil Bovespa 59588.70 -1.06
Mexico IPC 45695.10 0.11
Chile IPSA 4151.39 0.58
Chile IGPA 20734.17 1.09
Argentina MerVal 17504.82 3.46
Colombia IGBC 10064.93 -0.41
Venezuela IBC 31633.66 -0.23
(Reporting by Bruno Federowski; Additional reporting by Paulina
Osorio; Editing by Daniel Flynn and Jonathan Oatis)