(Bloomberg) -- Chile's peso declined the most in a
week on speculation U.S. housing market weakness will slow Latin
American growth.
The peso fell from a seven-week high after Standard &
Poor's said it may cut the credit rating on $12 billion of bonds
backed by U.S. subprime mortgages. Currencies and stocks in
Brazil and Mexico also fell.
Read more at Bloomberg Currencies News
week on speculation U.S. housing market weakness will slow Latin
American growth.
The peso fell from a seven-week high after Standard &
Poor's said it may cut the credit rating on $12 billion of bonds
backed by U.S. subprime mortgages. Currencies and stocks in
Brazil and Mexico also fell.
Read more at Bloomberg Currencies News
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