EMERGING MARKETS-Latam currencies up on Deutsche Bank report

viernes 30 de septiembre de 2016 17:58 GYT

(Updates with final prices)
    By Bruno Federowski
    SAO PAULO, Sept 30 (Reuters) - Latin American currencies
strengthened on Friday on reports Deutsche Bank is
close to reaching an accord with U.S. officials to settle
charges related to its sale of toxic mortgage bonds before the
financial crisis.
    Concerns over the financial health of Germany's largest bank
sent investors scurrying for safer assets earlier this week.
    Agence France-Presse reported Deutsche Bank was nearing a
settlement to pay $5.4 billion. About two weeks ago, the bank 
said it would fight a $14 billion demand from the U.S.
Department of Justice. 
    Brazil's real currency strengthened 0.12 percent,
while its benchmark stock index closed little changed.
    The Mexican peso  firmed more than its peers
after the country's central bank increased rates by 50 basis
points to stem the currency's decline. 
    The hike "seems difficult to understand for those that look
at fundamentals but seems a lot clearer for those that think of
monetary policy as a damage control tool," J.P. Morgan
strategist Carlos Carranza wrote in a client note.
    The peso was pushed to historic lows over the past weeks on
concerns that Republican candidate Donald Trump could become the
next U.S. president.
    Key Latin American stock indexes and currencies at 2145 GMT:
 Stock indexes                               daily %   YTD %
                                              change  change
 MSCI Emerging Markets               903.46    -1.09   13.77
 MSCI LatAm                         2380.82    -0.84   30.11
 Brazil Bovespa                    58367.05     0.03   34.64
 Mexico IPC                        47245.80    -0.89    9.93
 Chile IPSA                         4015.25    -0.92    9.10
 Chile IGPA                        20046.48    -0.79   10.44
 Argentina MerVal                  16675.68     -0.4   42.83
 Colombia IGBC                      9847.21     -0.5   15.21
 Venezuela IBC                     12961.33     1.81  -11.15
 Currencies                                  daily %   YTD %
                                              change  change
 Brazil real                         3.2517     0.12   21.38
 Mexico peso                         19.372     0.75  -11.06
 Chile peso                           657.1     0.09    8.00
 Colombia peso                      2883.35     0.37    9.92
 Peru sol                             3.381     0.35    0.98
 Argentina peso (interbank)           15.30     0.19  -15.15
 Argentina peso (parallel)            15.66     0.19   -8.88

 (Reporting by Bruno Federowski; Editing by Jeffrey Benkoe and
Lisa Shumaker)