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Currencies start with losses due to the global advance of the dollar;  Mexican peso leads falls


File image of a woman holding US dollar bills on top of Brazilian real bills in Rio de Janeiro, Brazil. March 31, 2015. REUTERS / Sergio Moraes / Archive

By Froilan Romero

SANTIAGO, Nov 24 (Reuters) – Most Latin American currencies posted losses at the start of trading on Wednesday, amid a global rally in the dollar following positive employment data in the United States, in a session in which the peso Mexico was leading the declines and was trading at the lowest since March.

* The number of Americans filing new claims for unemployment benefits fell last week to its lowest level since 1969, pointing to sustained strength in the economy as the end of a year marked by shortages and a endless pandemic.

* Initial claims for unemployment benefits fell 71,000 to 199,000 according to seasonally adjusted figures for the week ending November 20, the Labor Department said, the lowest level since mid-November 1969. Economists polled by Reuters they had forecast 260,000 requests for the last week.

* The Mexican peso was trading at 21.5210 units per dollar, down 1.63% compared to 21.1758 in the Reuters reference price on Tuesday, and was heading for its fifth consecutive day of losses.

* The president of Mexico, Andrés Manuel López Obrador, said on Wednesday that this week he will propose the undersecretary of Finance Victoria Rodríguez to occupy the position of governor of the Bank of Mexico (Banxico), after he withdrew the proposal of the former Secretary of Finance Arturo Herrera for the position.

* “The dollar continues to strengthen but, apparently, the nomination for Banco de México did generate some nervousness, especially because it is not well known (Rodríguez), I think the market is cautious,” said Gabriela Siller, director of economic analysis of Banco Base.

* The main stock index S & P / BMV IPC, which is made up of the 35 most liquid companies in the Mexican market, rose 0.23%, to 51,231.46 points.

* The Brazilian real depreciated 0.65%, to 5.6073 units per dollar, while the Bovespa index on the Sao Paulo stock exchange B3 fell 0.41%, to 103,224.34 units.

* In Argentina, the peso fell 0.09%, to 100.67 per dollar in depreciation regulated by the central bank, while the Merval stock index of the Buenos Aires Stock Exchange improved 0.39%, to 84,932, 23 units.

* The Chilean peso marked the exception and rose 0.31%, to 809.80 / 810.10 units per dollar. Meanwhile, the leading index of the Santiago Stock Exchange, the IPSA, fell 1.63%, to 4,620.97 units.

* The Colombian peso lost 0.48% to 3,969 units per dollar, in its third session down and that maintains it at a minimum of more than three months. On the stock market, the MSCI COLCAP stock index rose 0.14% to 1,318.27 points.

* The Peruvian currency, the sol, fell 0.32%, to 4.023 / 4.024 units per dollar. Meanwhile, the benchmark for the Lima Stock Exchange grew 0.05%, to 530.51 points.

(Report by Froilán Romero. Additional report by Nelson Bocanegra in Bogotá, Jorge Otaola and Walter Bianchi in Buenos Aires and Benjamín Mejías)

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