The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
Economy 3 MIN READ

EMERGING MARKETS-Most Latam currencies, stocks slide on Russia sanctions concerns

April 6, 2022By Reuters
Related Articles
BRIEF-China Banking Corp Approves Retirement Of Senior Vice President December 10, 2021 Traders have more reason to buy a dollar they value April 15, 2024 European shares end lower but log biggest January gain in eight years January 31, 2023

Updates; adds comments, details

By Shreyashi Sanyal and Anisha Sircar

April 5 (Reuters) – Most Latin American currencies and stocks fell on Tuesday, taking cues from broader emerging markets on concerns of another round of harsh Western sanctions on Russia.

Markets across the globe were pressured after the European Union’s executive proposed new sanctions against Russia, including a ban on coal imports, with ally United States also preparing to ramp up its sanctions against Moscow.

Russia’s benchmark MOEX stock index .IMOEX and the dollar-denominated RTS index .IRTS fell 4.5% each, snapping a four- and five-day winning streak, respectively.

“Market volatility is back to levels experienced when the pandemic first began, with doubts over the length and damage of Russia’s war on Ukraine,” said Juan Perez, director of trading at Monex USA.

The Mexican peso MXN= saw the slimmest losses on the day among regional peers, declining 0.8%. President Andres Manuel Lopez Obrador is poised for victory in a referendum on his rule on April 10.

“President Obrador is likely to remain in power after a recall referendum on his position this Sunday, which may embolden him to double down on his interventionist agenda,” said Nikhil Sanghani, EM economist at Capital Economics.

“While a radical shift in policymaking is unlikely, the prospect of market-unfriendly policies alongside further fiscal austerity will weigh on Mexico’s longer-term growth prospects.”

The currency has been hovering at its strongest levels since July 2021 following the central bank’s seventh interest rate hike in a row in late March.

The MSCI’s gauge for Latam currencies .MILA00000CUS fell 1%, but hovered near two-year highs. Currencies in the region have widely outpaced their EM peers, led by higher commodity prices and central bank tightening.

In fact, while EMs suffered their first portfolio outflows in a year in March, regionally, Latam saw a net inflow of $10.8 billion, the biggest inflow for the region since July, a report by the Institute of International Finance showed.

Brazil’s real BRBY, BRL= fell 1.3% against the dollar, retreating from the 25-month high hit in the previous session.

Peru’s sol PEN= shed 1.8% to lead declines in the region after President Pedro Castillo imposed a curfew in the capital, Lima, in an attempt to restrict protests against rising fuel and fertilizer costs that have spread throughout the country.

The Colombian COP= and Chilean CLP= currencies dropped 1% each.

Chile’s government will hold a plebiscite for a new constitution on Sept. 4, the government said. nC0N2VI02T

Latin American stocks .MILA00000PUS plunged 2.6% to track their worst day in nearly four months, with Sao Paulo stocks .BVSP dipping 1.6%.

Meanwhile, in an adverse scenario due to the war in Ukraine, sovereign ratings in Emerging Europe, Sub-Saharan Africa and Asia Pacific could see numerous outlook and rating changes, Fitch Ratings said in a new report.

Key Latin American stock indexes and currencies at 1920 GMT:

Stock indexes

Latest

Daily % change

MSCI Emerging Markets .MSCIEF

1155.31

-0.55

MSCI LatAm .MILA00000PUS

2689.06

-2.64

Brazil Bovespa .BVSP

119414.24

-1.54

Mexico IPC .MXX

55609.41

-1.25

Chile IPSA .SPIPSA

4938.51

-1.08

Argentina MerVal .MERV

92510.47

-0.76

Colombia COLCAP .COLCAP

1634.61

1

Currencies

Latest

Daily % change

Brazil real BRBY

4.6530

-1.02

Mexico peso MXN=D2

19.9742

-0.93

Chile peso CLP=CL

786.3

-0.88

Colombia peso COP=

3735.77

-0.98

Peru sol PEN=PE

3.696

-1.52

Argentina peso (interbank) ARS=RASL

111.6900

-0.08

Argentina peso (parallel) ARSB=

193

3.11

(Reporting by Shreyashi Sanyal and Anisha Sircar in Bengaluru
Editing by Paul Simao and Marguerita Choy)

((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up