LatAm Assets Mixed as US-Iran Peace Deal Prospects Weigh
Latin American Assets Mixed Amid US-Iran Tensions
Latin American assets were mixed on Tuesday as renewed US strikes on Iran dampened hopes for an imminent peace deal. The MSCI Latin American currencies index fell 0.3%, while the stocks index slipped 0.2%.
Colombian Peso Weakens, Ecopetrol Rises
Colombia's peso weakened 0.9% against the dollar, while state-run oil company Ecopetrol shares gained 5.7% as Brent crude rose about 3.4%. Investors are also watching Colombia's presidential election scheduled for May 31.
Mexico and Brazil Show Mixed Performance
Mexico's peso depreciated 0.2%, but the benchmark stock index rose 1.3% amid USMCA negotiations with the US. Brazil's Bovespa index fell 1.2%.
Chile and Peru Updates
Chilean stocks dropped 1% tracking lower copper prices, and the government cut its 2026 growth forecast to 2.1%. Peruvian stocks rose 2.7%, and the sol strengthened to its highest level in over a month.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
U.S. DOLLAR / ARGENTINE PESO
Argentine peso is not directly affected by US-Iran news due to strict capital controls, impact is limited.
U.S. DOLLAR / COLOMBIAN PESO
Colombian peso weakened against the dollar due to US-Iran tensions and increased geopolitical risks.
Colombia's stock index gained 4.1% driven by Ecopetrol's rise and higher oil prices.
ECOPETROL S.A.
Ecopetrol shares rose 5.7% directly benefiting from a 3.4% increase in Brent crude prices.
Brent crude prices rose 3.4% on supply concerns due to renewed US-Iran tensions.
US Dollar/Mexican Peso
Mexican peso slightly depreciated amid US-Iran uncertainty and awaiting USMCA negotiations outcome.
S&P/BMV IPC Index
Mexico's stock index rose 1.3% on optimism surrounding USMCA negotiations.
Bovespa Index
Brazil's Bovespa fell 1.2% due to reduced global risk appetite and geopolitical uncertainties.
S&P IPSA Index
Chile's IPSA index fell 1% on lower copper prices and the government cutting its growth forecast.
U.S. DOLLAR / PERUVIAN SOL
Peruvian sol gained 0.3% outperforming other LatAm currencies, but impact is limited.
S&P MERVAL Index
Argentina's Merval index rose 2.6%, but the gain is more driven by local factors than US-Iran news.
U.S. DOLLAR / BRAZILIAN REAL
Brazilian real slightly weakened against the dollar due to global risk aversion and geopolitical uncertainty.
U.S. DOLLAR / CHILEAN PESO
Chilean peso gained 0.24% against the dollar, but the move is not directly related to the news, more technical.
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