The Chilean peso rose nearly 3% on Wednesday, leading sharp gains among Latin American currencies, as commodity prices firmed with the dollar pulling back from a two-decade peak.
The dollar index =USD fell from a fresh 20-year high touched earlier on Wednesday while the sterling gained ground after the Bank of England said it would step in to calm distressed bond markets.
Latam currencies .MILA00000CUS gained 0.6%, with many touching session highs and outperforming emerging market (EM) peers that have been hurt by a risk-off sentiment this year amid rising interest rates and growing recession concerns.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
