The Latin American currencies experienced strength against the American dollar Friday morning in New York. The Mexican peso and Brazilian real both advanced against the American counterpart after the 8:30 am ET release of higher-than-expected U.S. CPI data, although core consumer prices increased less-than-expected. The Mexican peso ticked higher against the dollar Friday morning in New York. The Mexican currency experienced mostly choppy trading until 8:20 am ET, ahead of the release of the American CPI data at 8:30. After its release, the Mexican currency advanced, reaching an intraday high of 10.8258 at 9:30 am. This is compared to an intraday low of 10.8831 at 5:40 am.
The Brazilian real advanced versus the greenback Friday morning in New York. At 9:40 am ET, the Brazilian currency fetched a mark of 1.9130 versus its American counterpart. This is off an intraday high of 1.9090 at 9:20 am and an intraday low of 1.9270 at 6 am. Traders mulled another Brazilian Central Bank intervention in the spot market with a snap auction Thursday.
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