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Mercados emergentes: el real brasileño está en un máximo de 3 meses en medio de un banco central agresivo

Mercados emergentes: el real brasileño está en un máximo de 3 meses en medio de un banco central agresivo

    * Colombia to raise 14 trillion pesos with new tax reform 
    * Real gains after central bank hints at another rate hike
in June
    * Dollar falls from two-week high

    By Shashank Nayar
    May 6 (Reuters) - Brazil's real surged on Thursday after the
central bank made its second consecutive interest rate hike to
curb rising inflation, while the Colombian peso recovered from
six-month lows on the prospect of a revised tax reform bill.
    The real rose 1.24% to its highest level since
January this year after the central bank hiked its benchmark
Selic rate by 75 basis points to 3.5% late on Wednesday.
    The central bank also hinted at another rate hike in June to
help curb rising inflation and support an economy hurt by the
COVID-19 pandemic.
    "The Brazilian central bank’s hawkish stance, which is in
line with current inflation projections, has helped support the
BRL, and signals of an additional rate hike next month will give
more power to the real in the short term,” said Mauricio Une,
senior economist at Rabobank.
    "However, there are fiscal risks that persist which are
primarily on account of rising coronavirus infections, which
would in turn push the congress towards more stimulus measures
to help support the economy." 
    Colombia's peso surged 1.3% to break a five-day losing
streak after its freshly-appointed finance minister said the
country will seek to raise 14 trillion pesos ($3.6 billion) with
a new tax reform. Mass protests and lawmaker opposition forced
the withdrawal of the previous bill and his predecessor's
resignation.
    The currency of the world's largest copper producer, Chile
, gained 0.4% as copper prices flirted with 10-year
peaks.       
    MSCI's index of Latin American currencies
gained 0.7%, while stocks rose 0.8%, primarily
led by a weaker dollar and rising commodity prices.
    The dollar fell from a two-week high on Thursday as
global market risk appetite improved, further supporting
emerging market currencies.
    Shares of Brazilian state-run oil company Petrobras
 fell 0.3% after it reopened bidding for its Golfinho
offshore oilfield cluster, two sources told Reuters this week,
following a rise in crude prices over the last several
months.
    Elsewhere, the Turkish lira was flat after the bank
held its key interest rate steady at 19%, above inflation, which
the central bank expects to cool after having risen beyond
17%.

    Key Latin American stock indexes and currencies:
   
                              Latest     Daily % change
 MSCI Emerging Markets         1339.24               0.46
                                        
 MSCI LatAm                    2429.73               1.03
                                        
 Brazil Bovespa              119498.05              -0.06
                                        
 Mexico IPC                   48640.30                0.5
                                        
 Chile IPSA                    4679.50              -0.53
                                        
 Argentina MerVal                    -                  -
                                        
 Colombia COLCAP               1239.55              -0.04 Currencies             Latest     Daily % change
 Brazil real                    5.2987               1.24
                                        
 Mexico peso                   20.2541              -0.05
                                        
 Chile peso                      701.8               0.40
                                        
 Colombia peso                 3800.89               1.25
 Peru sol                        3.824               0.00
                                        
 Argentina peso                93.7900              -0.03
 (interbank)                            
                                        
 

 (Reporting by Shashank Nayar in Bengaluru)