Forex
Latin America Stocks Rise on Weaker Dollar After Fed Hike
Latin American stocks and currencies saw gains on Thursday as global risk sentiment improved following a weaker dollar and lower Treasury yields after the Federal Reserve's rate hike.
The MSCI index tracking regional stocks rose by 0.6%, with Brazil's central bank cutting interest rates by 25 basis points for a fifth consecutive meeting, citing signs of economic slowdown.
Attention remained on the upcoming presidential elections in Brazil, where an AtlasIntel/Bloomberg poll showed Senator Flavio Bolsonaro and President Luiz Inacio Lula da Silva in a statistical tie in a simulated runoff ahead of next month's vote.