Brazilian real, Mexican peso lose ground to US dollar

The Brazilian real lost 2 percent on Tuesday to take it to R$2.2231 to the US dollar on concerns that the new finance minister there will loosen monetary policy in the South American nation. The real has lost 3 percent to the dollar so far this week. Meanwhile, the Mexican peso dropped 0.3 percent to the greenback to a ten-month low of 10.9805 pesos to the dollar. This new loss takes the peso down 4.9 percent versus the dollar for the month.

Story link: Brazilian real, Mexican peso lose ground to US dollar