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
U.S. DOLLAR / BRAZILIAN REAL
Brazilian real strengthened 0.6% amid overall market optimism.
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.
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.
S&P MERVAL Index
Argentine markets were closed for a public holiday, no direct impact from the news.
U.S. DOLLAR / ARGENTINE PESO
Argentine peso was unaffected as markets were closed and no direct link to the news.
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