September 4, 2017 / 5:21 PM / a year ago

EMERGING MARKETS-LatAm currencies seesaw on N.Korea jitters, U.S. holiday

    By Bruno Federowski
    SAO PAULO, Sept 4 (Reuters) - Latin American currencies
seesawed on Thursday as a U.S. holiday curbed trading volumes,
while traders avoided risky bets due to escalating geopolitical
tensions around North Korea.
    North Korea said it tested an advanced hydrogen bomb for a
long-range missile on Sunday and showed signs of planning more
missile tests, triggering strong backlash.
    The United States said countries trading with North Korea
were aiding its "dangerous nuclear intentions" as the United
Nations Security Council mulled tough new sanctions.
    The reports drove risk-aversion throughout the world, with
the U.S. dollar slipping against major safe-haven currencies,
such as the Swiss Franc and the Japanese Yen.
    Still, market moves were somewhat limited in Latin America
as many traders were away from their desks due to the U.S. Labor
Day holiday.
    "Without Wall Street as a reference, moves tend to be weaker
due to lower liquidity," analysts at Advanced brokerage wrote in
a report.
    The Brazilian real strengthened 0.3 percent, the
Mexican peso slipped 0.4 percent and the Colombian peso
 was flat.
    Brazil's benchmark Bovespa stock index treaded
water, holding near seven-year highs. Shares in steelmaker
Usinas Siderúrgicas de Minas Gerais SA were the
biggest gainers, tracking higher prices of China-listed steel
    Shares of busmaker Marcopolo SA fell as much as
2.3 percent after a large fire broke out on Sunday afternoon at
one of its factories, the biggest in Brazil. Marcopolo kept the
factory closed on Monday but said that the fire did not damage
the assembly line there.
    Key Latin American stock indexes and currencies at 1720 GMT:
 Stock indexes                                daily %   YTD %
                                               change  change
 MSCI Emerging Markets               1083.34    -0.73   26.57
 MSCI LatAm                          2896.05    -0.56   24.42
 Brazil Bovespa                     71878.21    -0.06   19.34
 Mexico S&P/BVM IPC                 50907.93    -0.34   11.54
 Chile IPSA                          5154.68    -0.37   24.17
 Chile IGPA                         25751.37    -0.34   24.20
 Argentina MerVal                   23547.97    -0.46   39.19
 Colombia IGBC                      11251.97     0.78   11.10
 Venezuela IBC                     264614.31    12.94  734.61
 Currencies                                   daily %   YTD %
                                               change  change
 Brazil real                          3.1379     0.27    3.55
 Mexico peso                         17.8820    -0.39   16.00
 Chile peso                           624.15     0.14    7.46
 Colombia peso                        2929.1     0.03    2.47
 Peru sol                              3.237     0.03    5.47
 Argentina peso (interbank)          17.2550    -0.23   -8.00
 Argentina peso (parallel)             18.11     0.22   -7.12
 (Reporting by Bruno Federowski; Editing by Nick Zieminski)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below