Most Latin American currencies fall due to surging oil prices, emerging market stock index drops by 2%
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This move further fueled the increase in oil prices that day. Influenced by this news, oil prices soared sharply, with Brent crude oil prices climbing above $75 per barrel, and US crude oil futures jumping to around $72 per barrel after settlement. The MSCI Emerging Markets Currency Index closed basically flat in mixed trading. High-yielding currencies such as the Mexican peso and Brazilian real continued to decline, while Asian currencies led the gains. Expand
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