EMERGING MARKETS-Latam FX hold gains as Fed stands pat on rates; Brazil rate decision eyed
December 11, 2019 at 14:46 PM EST
Brazil's real hit its highest in a month on Wednesday ahead of a likely interest rate cut by the country's central bank, while other Latin American currencies held gains after the U.S. Federal Reserve kept interest rates unchanged as expected. The real rose 0.4% to 4.1314 against a steady dollar, while Sao Paulo-listed stocks were flat. Analysts say markets have priced in what is expected to be the final rate cut in Brazil int