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MARKETS A.LATINA-Rise favored by global weakness of the dollar

By Nelson Bocanegra

BOGOTA, Apr 14 (Reuters) – Most markets in Latin America were trading higher at the start of operations on Wednesday, benefiting from the global weakness of the dollar after new economic data in the United States, as well as the rebound in oil, an important generator currency for many countries in the region.

* The greenback was trading near its lowest level in a month in the session, as strong demand in a US bond auction accentuated the decline in debt yields, reducing the currency’s interest rate advantage over others.

* Import prices in the United States rose 1.2% in March, according to a report published by the Labor Department.

* “It appears that markets are beginning to believe the Fed’s narrative that any rise in inflation will be short-lived and that the current dovish central bank stance will continue for the foreseeable future, creating room for further weakness. of the dollar, “said Ricardo Evangelista, senior analyst at ActivTrades.

* Meanwhile, oil prices rose due to revised estimates of global oil demand.

* Even so, investors warned of the threats of an irrugular recovery from the coronavirus pandemic in the region, amid the slow pace of vaccinations.

* “The markets, copper and the dollar peso parity still behave in accordance with the previous day, when the CPI data for the United States was released, but the risks of reduced vaccine supplies are increasing, slowing the prospects for recovery” said Luis Alberto Ramos, an analyst at Mercados G.

* The Mexican peso appreciated 0.13%, while the benchmark S & P / BMV IPC stock index climbed more than one percentage point, driven by a strong rise of almost 28% in Televisa’s share price.

* In Brazil, the real was up 0.52% and the Bovespa equity index was up 0.45%.

* The Argentine peso lost a controlled 0.08% under the interventionist curtain of the Central Bank.

* The Colombian peso strengthened by 0.31% to 3,656.65 units per dollar, while the benchmark index of the stock market, the COLCAP, appreciated 0.19%.

* Meanwhile, the Chilean peso climbed 0.45% to 705.00 / 705.30 units per dollar, also supported by the strength in the price of copper, the country’s main export. The benchmark IPSA of the Santiago stock market fell 0.21%, to 4,893.67 points.

Quotes at 1359 GMT

Indices Quote Var pct Var pct

daily shareholders in the year

MSCI Emerging Markets

1.323,95 2,49


MSCI Latin America

2.334,08 -4,8


Bovespa Brasil

119.980,96 0,8097


CPI Mexico

47.987,05 8,90


Argentina MerVal 0

0 -100,00

COLCAP Colombia

1.315,39 -9,33


IPSA Chile

4.900,87 -4,00


Selective Peru

566,44 10,56


Dollar versus Quote Var pct Var pct

to coins monthly in the year

Brazilian real

5,6788 -8,54


Mexican peso

20,0489 -0,72


Chilean peso

705,4 0,78


Colombian peso

3.662,84 -6,48


Peruvian sun

3,6168 -0,25


Argentine peso

92,67 -9,24


(Report by Nelson Bocanegra, additional report by Froilán Romero in Santiago. Edited by Marion Giraldo)

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