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Showing posts with label Japan's debt rating. Show all posts
Showing posts with label Japan's debt rating. Show all posts

Thursday, August 25, 2011

Brazil real, Mexican peso slides; Chile's gains

RIO DE JANEIRO, Aug 24 (Reuters) - Latin American currencies weakened or trimmed gains against the U.S. dollar in late trading on Wednesday as investors judged the prospects for world economic growth to be weak.

The declines came as business confidence in Germany, Europe's largest economy, dropped to its lowest level in 14 months and after Moody's Investors Service cut Japan's debt rating to Aa3 from Aa2.