Emerging markets: Latin American stocks turn lower

Posted by 7Star Saturday, March 21, 2009

Latin American stocks turned lower in afternoon trading on Friday and regional currencies eased as investors second guessed the benefits of the Federal Reserves massive debt purchase program on global risk appetite. Currencies have rallied in Latin America since the Fed announced a plan to buy back $300 billion in long-dated Treasuries, causing interest rates to sink and spurring appetite for higher-yielding assets.

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