Most Latam FX rise as Trump’s Treasury pick softens Dollar
Live Mint* Mexico c.bank policy meeting minutes due on Thursday * Yamandu Orsi wins Uruguay's presidential election * Latam FX up 0.48%, stocks add 0.14% By Shashwat Chauhan and Pranav Kashyap Nov 25 - Latin American currencies saw a boost on Monday, as the global rally of the dollar paused and U.S. Treasury yields dipped following the nomination of Wall Street veteran Scott Bessent as Treasury Secretary by President-elect Donald Trump. Trump said late on Friday he would nominate prominent investor Bessent as U.S. Treasury Secretary, which sent the greenback and Treasury yields lower, giving a leg up to emerging market assets. Latin American assets have run into turbulence in November as investors mull the implications of Trump's policies on trade, tariffs and immigration, with key trading partners such as Mexico bearing the brunt of the pressure. HIGHLIGHTS ** Mexico posts third-quarter current account surplus of $733 million ** Brazil posts $5.9 billion current account deficit in October Key Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1092.76 0.5 MSCI LatAm 2084.69 0.14 Brazil Bovespa 129188.12 0.05 Mexico IPC 50226.3 -0.4 Chile IPSA 6549.16 -0.23 Argentina MerVal 2207699.85 -0.19 Colombia COLC 1398.06 0.44 Currencies Latest Daily % change Brazil real 5.8082 -0.12 Mexico peso 20.2727 0.63 Chile peso 975.5 1.13 Colombia peso 4381.4 0.82 Peru sol 3.773 0.37 Argentina peso 1,006.0 -0.15 Argentina peso 1,110.0 2.2