Latin American stocks and currencies fell on Friday as investors booked profits from a two-day rally after Boston Federal Reserve President Eric Rosengren said he believed rates should be raised gradually now. The Mexican peso weakened 0.85 percent on Friday after strengthening during the previous two sessions, while the Colombian peso dropped 1.14 percent. The two currencies also suffered the impact of a 4-percent slump in crude prices, a key export and source of tax revenue for both Mexico and Colombia.
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