Stocks in Latin America traded higher on Wednesday, while currencies remained stuck in tight ranges against a stronger dollar, as investors reassessed exposure to riskier assets amid an ongoing coronavirus outbreak in China.

MSCI'S index for Latin American stocks rose 0.4%, rising for the second straight session.

Currencies in Latin America traded in a narrow range against the dollar, which held at near two-month highs.

The Chilean peso weakened slightly ahead of the Central Bank of Chile's decision on interest rates, expected at 2100 GMT.

Other major Latin American currencies - Brazil's real, Colombia's peso and Mexico's peso - barely moved.