EMERGING MARKETS-Brazil's real slips on fiscal, political uncertainty - NewsBreak

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By Frank in Business
Updated 3 years ago

* Mexican economy expands 5% in September * Brazil central bank sells 10,000 forex swap contracts * Argentine govt freezes goods prices to curb inflation * Colombia approves $93 billion spending package By Shashank Nayar Oct 20 (Reuters) - Brazil's real slumped 0.8% on Wednesday amid political and fiscal worries, while Mexico's peso hit three-week highs after data showed its economy continued to recover from a pandemic slump. After sliding almost 2% on Tuesday, Brazil's real extended declines despite attempts by the central bank to support the currency hovering at six-month lows. The bank sold all 10,000 forex swap contracts offered at an auction on Wednesday. Overnight, the senator leading a congressional probe into Brazil's handling of the COVID-19 pandemic recommended that President Jair Bolsonaro be charged with homicide for alleged government errors that led to the deaths of thousands. But local reports on Wednesday suggested senators had dropped the recommendation. Ahead of elect

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