Most Latin American stock markets rose on Friday as easing US-Iran tensions and rising hopes for the signing of a Phase One US-China trade deal lifted sentiment, while Mexico's peso notched a near nine-month high against the dollar.
Chile shares closed at an 11-week high on Friday, while Mexican shares logged their third straight session of gains. Investor sentiment was dented earlier in the week on concerns of a rise in tensions between the United States and Iran after a US drone strike that killed a top Iranian general.
Brazil shares fell 0.2% in volatile trading to extend losses to a sixth session - its longest stretch of losses since May 2016, as lenders and energy stocks weighed. The market lost around 1.6% on the week after five straight weeks of gains, over which time it added 8.5%. Brazil's real firmed 0.1%, giving up some sessions gains.
Mexico's peso rose 0.3% to its highest since April 2019. Chile's peso slipped 0.8%, tracking copper prices lower. The currency lost 1.2% this week after the central bank suspended interventions in the foreign exchange market that were introduced late last year.
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