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EMERGING MARKETS-Most Latam FX, stocks jump as Fed remains patient

Most Latin American currencies and stocks jumped on Friday after the U.S. Federal Reserve affirmed its patient stance, abandoning rate hikes for the rest of the year, hammering the dollar. Amid a slowing economy the Fed now sees only one rate hike next year, and announced a plan to end its balance sheet reduction program by September. Mexico's peso leapt 1 percent to a five-month high, while Brazil's real

Australia shares set to inch lower, hurt by miners; New Zealand up

Australian shares are poised to open lower on Thursday, as a sharp drop in iron ore prices is likely to weigh mining stocks, with heavyweights Rio Tinto Ltd and Fortescue Metals Group Ltd likely to extend their declines. China's iron ore futures plunged nearly 6 percent on Wednesday, on expectation of higher supply as Brazil's Vale SA is set to resume work at its largest iron ore mine in Minas Gerais state. The local shar

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