The Mexican peso ticked lower versus the dollar Tuesday morning in New York. After the early morning was dominated by choppy trading, the Mexican currency began to fall against its American counterpart at 7:30 am ET. After 9 am, the peso advanced slightly, reaching a mark of 10.7672 at 10:40 am. This is compared to a mark of 10.7491 just before 2 am. There was no major economic news released in Mexico on Tuesday. Greenback traders mulled the 10 am release of better-than-expected non-manufacturing ISM data.
The Brazilian real edged higher against the greenback Tuesday morning in New York. After gaining slightly during a largely uncertain early morning, the Brazilian currency lost ground after Fed Chairman Ben Bernanke reiterated that inflation remains a significant risk to the U.S. economy. The real advanced shortly thereafter, but lost some of its gains after the 10 am ET release of stronger-than-expected non-manufacturing ISM data from the U.S. At 10:50 am, the real traded at a mark of 1.928, off an intraday low of about 1.937, but off an intraday high of about 1.924. There was no economic news released in Brazil Tuesday.
The Argentine peso weakened versus the dollar Tuesday morning in New York. The Argentine currency suffered its most significant decline of the day after the release of the better-than-expected non-manufacturing American ISM data. At 10:35 am, the Argentine peso fetched a mark of 3.0735. This is compared to a level of 3.0720 around 9 am. There were no major economic reports from Argentina on Tuesday.
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