Brazil's Real Weakens 0.2%, Stock Index Falls 0.4% on Monday as Oil Prices Drop

On Monday, Latin American equities and currencies diverged as markets digested the U.S.-Iran framework peace agreement, which boosted global risk appetite and lowered oil prices. Brazil's real depreciated 0.2% against the dollar, while the country's main stock index fell 0.4%, dragged down by state-owned oil giant Petrobras, which plunged 5%. The MSCI Latin America index held flat, while the Latin American currency index rose 0.1% after touching a one-month high.
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