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 RIO DE JANEIRO, Brazil (AP) - Currencies and stocks kept falling across Latin America Wednesday as investors shifted money out of emerging markets toward more secure investments.
The Brazilian real fell to its weakest point of the year, closing at 2.4 to the dollar. Mexico's peso closed at 11.2850 to the dollar, its weakest since January 2005, and Colombia's peso fell to 2,541 to the dollar, its lowest since November 2004.
Chile's currency also fell, closing at 533.10 per dollar, its lowest since March 23, in part due to predictions of lower production of its principal export, copper, but also because its economy is effected by investors turning to safer securities in the United States, where inflation fears have markets expecting further interest rate increases.
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