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EMERGING MARKETS-Latin American currencies rally on dovish Fed comments http://feeds.reuters.com/~r/reuters/companyNews/~3/Wday8DckVc4/emerging-markets-latin-american-currencies-rally-on-dovish-fed-comments-idUSL2N24J165 Jul 18th 2019, 20:32
Latin American currencies rose on Thursday as the dollar fell, with the Brazilian real also hitting four-month highs on optimism over the country’s pension reform. The dollar fell after New York Federal Reserve chief John Williams said policymakers need to add stimulus early to deal with too-low inflation when rates are near zero.
Markets read that as a strong argument in favor of action by the Fed to cut rates this month.
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