EMERGING MARKETS-Yields on Brazil interest rate futures drop on inflation data
May 09, 2014 at 14:02 PM EDT
SAO PAULO, May 9 (Reuters) - Yields on Brazilian interest-rate futures dropped on Friday after weaker-than-expected inflation data upped expectations the central bank would pause its recent monetary tightening cycle. Latin American stocks edged slightly lower, while the region's currencies were mostly weaker against the dollar as profit-takers locked in recent gains. Brazil's benchmark IPCA consumer price index rose 6.28 percent in the 12 months through April, below the median 6.42 perc