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Majority of Latin American currencies gain from dollar weakness after disappointing US jobs report

  • The majority of Latin American currencies gained after weaker than expected US jobs data put pressure on the dollar
  • Mexican peso remained stable before third day of trade talks
  • In Brazil, the real gained 0.3%, and in Chile the peso is stable

The majority of Latin American currencies strengthened today after the US dollar came under pressure following significantly weaker than expected jobs data in that country.

Mexico’s peso showed virtually no change as the country prepared to enter migration and trade discussions with the United States for the third day. In Brazil, the real strengthened by 0.3%, and in Chile, the peso stayed stable ahead of a central bank meeting where rates will be discussed. The bank is not expected to change the current benchmark borrowing rate, which stands at 3%.