(Bloomberg) -- Chile's peso fell the most in two
months as lower-than-expected earnings at U.S. companies reduced
investors' appetite for riskier emerging-market assets.
The currency extended a drop from a 14-month high as U.S.
stock benchmarks declined, signaling investors were pulling away
from riskier bets. Countrywide Financial Corp. and DuPont Co.
said the U.S. housing slump lowered profits. Shares of Texas
Instruments Inc., the world's biggest maker of chips that run
mobile phones, fell the most in almost two years after sales
missed analysts' estimates.
Read more at Bloomberg Currencies News
months as lower-than-expected earnings at U.S. companies reduced
investors' appetite for riskier emerging-market assets.
The currency extended a drop from a 14-month high as U.S.
stock benchmarks declined, signaling investors were pulling away
from riskier bets. Countrywide Financial Corp. and DuPont Co.
said the U.S. housing slump lowered profits. Shares of Texas
Instruments Inc., the world's biggest maker of chips that run
mobile phones, fell the most in almost two years after sales
missed analysts' estimates.
Read more at Bloomberg Currencies News
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