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Brazilian assets plunge, dragging down Latin American markets; US-Iran peace talks become the focus

Brazilian assets plunge, dragging down Latin American markets; US-Iran peace talks become the focus

华尔街见闻华尔街见闻2026/05/29 21:43
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Investors are currently closely watching the potential US-Iran peace agreement, facing a tough balancing act between cautious optimism driven by geopolitics and the downturn in local Latin American markets led by Brazil. The MSCI Latin American Currency Index was largely unchanged but is set to post a slight gain for the month. In contrast, the broader Latin American stock index is heading toward its worst monthly decline since the end of 2024. The Brazilian real was mostly flat against the US dollar but is on track to record its weakest monthly performance of the year. Brazil's benchmark stock index (Bovespa) also slipped 0.7% on the day, marking its steepest monthly drop since February 2023. Expand
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