Latin American assets slide as oil swings and a strong dollar weigh
Latin American stocks and currencies fell on Thursday as oil volatility, weaker metal prices and a dollar at a 19-month high pressured assets, Reuters reported.
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what happened
Latin American stocks and currencies gave back part of the previous session's gains on Thursday. Swings in oil prices, lower metal prices and a firmer dollar all weighed on the region, Reuters reported. Crude has been caught between ongoing geopolitical tensions and rising output. US President Donald Trump said the US did not need a deal with Iran, which added to uncertainty.
In Brazil, consumer inflation for the 12 months through October came in below forecasts but stayed above the central bank's target range. Banco do Brasil shares dropped 8.3% to their lowest level in more than three years after weaker third-quarter results and a halved full-year profit forecast. The real weakened to 5.6548 per dollar, its softest level in 17 months. The MSCI Latin America index fell 1.4%, and Brazil's Bovespa lost 0.75%.
why it matters
Stronger US inflation data boosted bets on a more hawkish Federal Reserve, lifting the dollar and pressuring emerging-market currencies. Capital Economics' William Jackson said the Copom is unlikely to resume its easing cycle for some time given a high fiscal risk premium. Investors in the region are weighing currency risk and uncertainty over policy signals.
market impact
Latin American assets: a strong dollar and hawkish Fed expectations pressure the real and local stocks
- Brazilian real pressure down — a strong dollar and bets on a more hawkish Fed
- US dollar pressure up — strong US inflation data increased bets on a hawkish Fed
- Latin American equities pressure down — weaker currencies, metals and oil hit the regional market
tags
instruments
sources
- LatAm assets retreat as oil volatility, strong dollar weigh — Reuters, 12 November 2026 at 20:10 UTC
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