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EMERGING MARKETS-Mexican peso dips on c bank shake-up, Chile lags for the week

EMERGING MARKETS-Mexican peso dips on c.bank shake-up, Chile lags for the week Reuters 4 hrs ago By Ambar Warrick Chilean peso set to lose 2.7% this week Latam FX down this week Argentine stocks near record highs (Recasts with Mexican c.bank governor shuffle) By Ambar Warrick May 21 (Reuters) - Mexico s peso fell on Friday after the government said it would replace central bank head Alejandro Diaz de Leon after his term ends this year, while Chile s peso led losses for the week on political concerns and falling copper prices. The Mexican peso fell 0.4% after President Andres Manuel Lopez Obrador said he would not propose a new term for Governor Leon after his tenure ends on Dec. 31, and instead nominate an economist with social dimension. The move comes amid speculation that the central bank will begin hiking rates this year, as inflation in Mexico heats up. We have had precedents where finance ministers or those type of people come

Bordallo defends liaison office as Moylan moves to ax it

Bordallo defends liaison office as Moylan moves to ax it
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