Dollar pressure lifts stress on LatAm FX; stocks edge higher
Latin American currencies fell versus the U.S. dollar near multi-week highs while regional stocks were mostly higher, led by a 0.2% gain in MSCI’s LatAm index.
Latin American currencies were mostly weaker on Thursday versus the U.S. dollar, hovering near multi-week highs, while regional stocks were mostly higher. Domestic political developments remained in focus in Brazil. MSCI’s index for regional stocks (.MILA00000PUS) rose 0.2%.