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It Really Is All About You, Ben

Monday, 25 Apr 2011 | 4:11 PM ET
Fed Chief Ben Bernanke Testifies to House Budget Committee
CNBC
Fed Chief Ben Bernanke Testifies to House Budget Committee

Latin American currencies have been on a tear lately, but they are slipping today as traders wait for Wednesday's Fed news.

It's been a great year to invest south of the border. Brazil, Mexico, and others have all seen their currencies rise thanks to high interest rates and expanding economies. But today they gave back some ground as everyone focused north, wondering what exactly Fed Chairman Ben Bernanke will say at his first Fed press conference.

Brazil's real, Mexico's peso, Peru's sol and Chile's peso were all weaker Monday afternoon.

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.

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