LatAm Assets Rise on US-Iran Peace Deal Hopes
LatAm Assets Advance as Markets Cheer US-Iran Peace Deal Prospects
Most Latin American currencies appreciated against the dollar on Monday, while stocks climbed as investors welcomed signs of progress on a U.S.-Iran peace deal, which weakened oil prices.
South Africa and Colombia See Positive Moves
South African assets soared after Moody's revised its outlook to positive. Colombia's peso strengthened as a right-wing candidate gained support in polls.
Other Markets
Chile's peso and stocks rose on higher copper prices. Mexican and Brazilian currencies also gained. Bolivia's president announced a 50% salary cut to pacify protests.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
S&P MERVAL Index
Argentine markets were closed for a public holiday, no direct impact from the news.
US Dollar/South African Rand
South African rand strengthened 1% after Moody's revised its credit outlook to positive and gold prices rose.
South Africa's equity index surged 2.6% on Moody's decision and higher gold prices.
U.S. DOLLAR / COLOMBIAN PESO
Colombian peso appreciated 1.4% as a right-wing candidate gained in polls.
Colombian stock index rose 1.3% on political developments and peso strength.
U.S. DOLLAR / CHILEAN PESO
Chilean peso gained 1.1% on higher copper prices.
US Dollar/Mexican Peso
Mexican peso appreciated 0.3% on USMCA negotiation expectations, but impact is limited.
U.S. DOLLAR / PERUVIAN SOL
Peruvian sol may be indirectly affected by general LatAm optimism, but no direct impact.
S&P IPSA Index
Chile's stock index rose 1.8% to a two-week high, tracking copper prices.
U.S. DOLLAR / BRAZILIAN REAL
Brazilian real strengthened 0.6% amid overall market optimism.
Bovespa Index
Bovespa index rose 0.37% in line with broader market, but impact is limited.
S&P/BMV IPC Index
Mexico IPC index gained 0.4% on USMCA hopes, but impact is limited.
U.S. DOLLAR / ARGENTINE PESO
Argentine peso was unaffected as markets were closed and no direct link to the news.
The news, analyses, and comments on this platform do not constitute investment advice. When making investment decisions, you should conduct your own research and consult with a qualified financial advisor if necessary. FiNews cannot be held responsible for any losses that may arise from the use of this information.
More Headlines
Tokyo Core Inflation Slows, Remains Below BOJ Target
Tokyo Core Inflation Slows, Remains Below BOJ Target
…Nikkei May Rise on Hopes for U.S.-Iran Peace Deal
Nikkei May Rise on Hopes for U.S.-Iran Peace Deal
…Australian Pension Fund HUB24 Faces Regulatory Scrutiny
Australian Pension Fund HUB24 Faces Regulatory Scrutiny
…