EMERGING MARKETS-Mexico, Brazil currencies drop on U.S. data
February 05, 2016 at 18:57 PM EST
By Bruno Federowski SAO PAULO, Feb 5 (Reuters) - Mexico's peso and Brazil's real slumped on Friday after data showed a pickup in U.S. wages in January that backed the view that the Federal Reserve could raise U.S. rates again this year. Tightening financial market conditions and signs that both the U.S. and global economies were slowing had undercut the case for a Fed rate hike next month and lowered the probability of monetary policy tightening this year. But a quicker pace of rate