LatAm stocks lower

Posted by 7Star Monday, March 9, 2009

Latin American currencies strengthened on Friday as rising commodity prices suggested more dollars from exports may flow into the region, but stocks finished lower after bad economic data curbed any optimism. The MSCI stock index for Latin America fell 0.82 percent in its third consecutive session of losses, after data showing the US unemployment rate rose to its highest in 25 years hinted at a long recession ahead.

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