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Latin American Currencies Hit Record Lows as Drop Turns to Rout

  • Currencies from Colombia, Chile and Brazil all hit record lows
  • Region is home to the three worst currencies in EM this year
A National Strike As Country Joins Anti-Government Backlash Sweeping Latin America
Photographer: Juan Cristobal Cobo/Bloomberg
Updated on

Latin American currencies turned a decline into a rout this week, with three of the region’s most-traded bills hitting record lows.

The Colombian and Chilean pesos both fell to all-time lows Wednesday as a wave of anti-government demonstrations threaten to damp economic growth. Brazil, which has avoided such the political turbulence, also saw its currency headed for a record low, forcing the central bank to intervene for the third time in two days.