Latin American Currencies Hit Record Lows as Drop Turns to Rout
- Currencies from Colombia, Chile and Brazil all hit record lows
- Region is home to the three worst currencies in EM this year
This article is for subscribers only.
Latin American currencies turned a decline into a rout this week, with three of the region’s most-traded bills hitting record lows.
The Colombian and Chilean pesos both fell to all-time lows Wednesday as a wave of anti-government demonstrations threaten to damp economic growth. Brazil, which has avoided such the political turbulence, also saw its currency headed for a record low, forcing the central bank to intervene for the third time in two days.