Latin American currencies firmed on Tuesday, joining broader emerging market peers as the dollar slipped after the US Federal Reserve announced extraordinary stimulus that eased worries about funding bottlenecks. Brazil shares surged 9%, while Chile stocks jumped almost 5%. Breaking a five-day losing streak, Mexican equities rose 3.5%.
Dented US dollar, helping Mexico's peso jump as much as 3% in what could be its best day in more than 9 months. Brazil's real rose 1.4%, while the Chilean peso firmed 2%, on course for its biggest one-day gain in four months.