By Samantha Pearson and Jean Luis Arce | Reuters | Fri Dec 17, 2010 1:23pm EST
* Brazil’s real loses 0.8 pct, Mexican peso down 0.3 pct
* Chile’s peso firmer on copper and rate hike (Adds comments, updates prices)
SAO PAULO/MEXICO CITY, Dec 17 (Reuters) – Chile’s peso hit a fresh 30-month peak on Friday thanks to the higher price of copper, but lingering concerns over the euro zone caused losses among the region’s other currencies.
Ratings agency Moody’s slashed Ireland‘s credit rating in the midst of a meeting of European Union leaders that was intended to restore market confidence in the region. [ID:nLDE6BF2A3]
A major financial fallout in Europe would not only deter investment in emerging markets but also put the brakes on the global economy, reducing demand for Latin American exports.
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EMERGING MARKETS-Chile's peso hits 30-month high, real sinks
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