The Latin American Pulse · Wednesday, June 24, 2026 · The 60-second read
The bottom line
Brazil stands alone. As Wall Street’s artificial-intelligence trade cracked and a chip rout dragged the Nasdaq down 2.21%, foreign money rotated into Brazil’s cheap, bank-heavy market and cheaper oil lifted the lenders, sending the Ibovespa up 0.52% to 171,259, the region’s lone gainer for a second day.
The dollar pressed unevenly. A firmer dollar tied to US rates drove Argentina’s currency to a 2026 high near 1,471 and weakened Chile’s peso, yet Brazil’s real held steady near 5.18 and Colombia’s peso firmed to a multi-year high — one external force, many local outcomes.
Banxico takes the stage. Mexico decides interest rates on June 25 with its IPC easing to 66,848, while Colombia’s COLCAP fell hardest, down 1.93% to 2,347, as a recount fight shadows the August 7 handover.
